MIGHTY WRITERS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,632,726
Contributions
79%
Government Grants
20%
Program Services
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$7,572,366
Salaries & Benefits
55%
Other
35%
Offices, Occupancy & IT
8%
Fees to Service Providers
2%
Depreciation
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,586,032
$6,795,205
+22%
Government Grants
$1,736,734
$1,731,715
0%
Fundraising Events
$0
$0
-
Program Services
$77,625
$99,210
+28%
Membership Dues
$0
$0
-
Investments
$509
$6,596
+1196%
Other
$0
$0
-
Total Revenues
$7,400,900
$8,632,726
+17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,249,358
$4,129,161
-3%
Fees to Service Providers
$83,018
$139,753
+68%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$571,991
$568,385
-1%
Interest
$0
$0
-
Depreciation
$78,448
$116,543
+49%
Other
$3,013,106
$2,618,524
-13%
Total Expenses
$7,995,921
$7,572,366
-5%
Net income
2023
2024
Change
Net income
-$595,021
+$1,060,360
-278%
Functional Expenses
Summary
2023
2024
Change
Program
$6,408,455
$5,845,443
-9%
Admin
$1,020,986
$1,099,429
+8%
Fundraising
$566,480
$627,494
+11%
Total Expenses
$7,995,921
$7,572,366
-5%
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