LATINO MUSIC EDUCATION NETWORK
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$275,505
Contributions
47%
Program Services
38%
Government Grants
12%
Other
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$431,897
Salaries & Benefits
68%
Fees to Service Providers
22%
Other
8%
Offices, Occupancy & IT
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$161,828
$129,833
-20%
Government Grants
$154,050
$31,933
-79%
Fundraising Events
$0
$0
-
Program Services
$79,246
$104,630
+32%
Membership Dues
$0
$0
-
Investments
$0
$155
-
Other
$0
$8,954
-
Total Revenues
$395,124
$275,505
-30%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$105,160
$294,337
+180%
Fees to Service Providers
$272,549
$96,949
-64%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$16,023
$8,196
-49%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$40,714
$32,415
-20%
Total Expenses
$434,446
$431,897
-1%
Net income
2023
2024
Change
Net income
-$39,322
-$156,392
-298%
Functional Expenses
Summary
2023
2024
Change
Program
$322,777
$315,407
-2%
Admin
$46,425
$48,950
+5%
Fundraising
$65,244
$67,540
+4%
Total Expenses
$434,446
$431,897
-1%
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