THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC
Pub 78

THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC
Pub 78

Miami, FL, US
501(c)
EIN
95-4501165

THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC
Pub 78

Miami, FL, US
501(c)
EIN
95-4501165

Income Statement

Fiscal Year Start:
Feb 1
Revenues in 2025

$39,893,258

Program Services
94%
Investments
4%
Other
2%
Membership Dues
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Expenses in 2025

$35,698,880

Other
57%
Salaries & Benefits
25%
Fees to Service Providers
7%
Grants
5%
Offices, Occupancy & IT
5%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$0
$0
-
Government Grants
$3,995,334
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$36,399,872
$37,340,638
+3%
Membership Dues
$199,333
$263,570
+32%
Investments
$854,968
$1,538,282
+80%
Other
-$145,182
$750,768
-617%
Total Revenues
$41,304,325
$39,893,258
-3%
Expenses
2024
2025
Change
Grants
$1,742,050
$1,875,000
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,072,553
$8,929,070
+11%
Fees to Service Providers
$3,131,319
$2,378,580
-24%
Advertising & Promotion
$232,080
$387,197
+67%
Offices, Occupancy & IT
$2,128,202
$1,834,849
-14%
Interest
$0
$0
-
Depreciation
$54,123
$54,123
+0%
Other
$22,085,017
$20,240,061
-8%
Total Expenses
$37,445,344
$35,698,880
-5%
Net income
2024
2025
Change
Net income
+$3,858,981
+$4,194,378
+9%
Functional Expenses
Summary
2024
2025
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$37,445,344
$35,698,880
-5%
Income Statement
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