Income Statement

Fiscal Year: 2024
Oct 1, 2023 – Sep 30, 2024
Revenues in 2024
$209,535,740
Program Services
77%
Other
21%
Investments
2%
Contributions
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$267,914,359
Salaries & Benefits
52%
Fees to Service Providers
23%
Offices, Occupancy & IT
10%
Other
6%
Depreciation
6%
Interest
2%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$30,000,000
$24,165
-100%
Government Grants
$0
$9,102
-
Fundraising Events
$0
$0
-
Program Services
$56,996,075
$162,316,765
+185%
Membership Dues
$0
$0
-
Investments
$259
$3,856,060
+1488726%
Other
$2,909,525
$43,329,648
+1389%
Total Revenues
$89,905,859
$209,535,740
+133%
Expenses
2023
2024
Change
Grants
$0
$244,178
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$81,151,310
$140,226,838
+73%
Fees to Service Providers
$8,174,447
$60,819,377
+644%
Advertising & Promotion
$127,474
$1,255,267
+885%
Offices, Occupancy & IT
$7,474,819
$28,071,310
+276%
Interest
$0
$5,034,565
-
Depreciation
$2,571,042
$14,916,282
+480%
Other
$9,660,396
$17,346,542
+80%
Total Expenses
$109,159,488
$267,914,359
+145%
Net income
2023
2024
Change
Net income
-$19,253,629
-$58,378,619
-203%
Functional Expenses
Summary
2023
2024
Change
Program
$98,629,601
$154,271,560
+56%
Admin
$10,529,887
$113,594,798
+979%
Fundraising
$0
$48,001
-
Total Expenses
$109,159,488
$267,914,359
+145%