Income Statement

Fiscal Year: 2024
Revenues in 2024
$39,919,564
Contributions
48%
Government Grants
30%
Program Services
10%
Other
9%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$23,726,709
Salaries & Benefits
35%
Grants
25%
Other
13%
Interest
12%
Fees to Service Providers
9%
Offices, Occupancy & IT
4%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,364,257
$19,262,082
+106%
Government Grants
$4,302,120
$12,090,249
+181%
Fundraising Events
$0
$0
-
Program Services
$3,931,407
$3,880,204
-1%
Membership Dues
$0
$0
-
Investments
$550,713
$1,118,920
+103%
Other
$4,492,817
$3,568,109
-21%
Total Revenues
$22,641,314
$39,919,564
+76%
Expenses
2023
2024
Change
Grants
$4,326,635
$5,880,200
+36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,991,984
$8,416,542
+20%
Fees to Service Providers
$2,267,584
$2,101,622
-7%
Advertising & Promotion
$122,051
$101,143
-17%
Offices, Occupancy & IT
$847,061
$948,527
+12%
Interest
$2,212,064
$2,922,387
+32%
Depreciation
$215,063
$226,350
+5%
Other
$1,703,422
$3,129,938
+84%
Total Expenses
$18,685,864
$23,726,709
+27%
Net income
2023
2024
Change
Net income
+$3,955,450
+$16,192,855
+309%
Functional Expenses
Summary
2023
2024
Change
Program
$14,396,116
$19,107,785
+33%
Admin
$3,968,820
$4,201,443
+6%
Fundraising
$320,928
$417,481
+30%
Total Expenses
$18,685,864
$23,726,709
+27%