PROPEL INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,073,331
Contributions
72%
Other
24%
Investments
4%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,088,552
Other
65%
Salaries & Benefits
27%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,990,443
$768,985
-61%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$13,403
$4,359
-67%
Membership Dues
$0
$0
-
Investments
$0
$43,496
-
Other
$328,277
$256,491
-22%
Total Revenues
$2,332,123
$1,073,331
-54%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$371,970
$290,683
-22%
Fees to Service Providers
$18,125
$27,337
+51%
Advertising & Promotion
$1,380
$3,186
+131%
Offices, Occupancy & IT
$70,774
$62,735
-11%
Interest
$0
$0
-
Depreciation
$2,840
$2,208
-22%
Other
$782,080
$702,403
-10%
Total Expenses
$1,247,169
$1,088,552
-13%
Net income
2023
2024
Change
Net income
+$1,084,954
-$15,221
-101%
Functional Expenses
Summary
2023
2024
Change
Program
$1,164,275
$978,487
-16%
Admin
$50,682
$55,440
+9%
Fundraising
$32,212
$54,625
+70%
Total Expenses
$1,247,169
$1,088,552
-13%
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