WORCESTER BUSINESS DEVELOPMENT CORPPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,979,674
Program Services
74%
Investments
20%
Other
6%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,697,908
Salaries & Benefits
56%
Other
22%
Offices, Occupancy & IT
15%
Fees to Service Providers
3%
Depreciation
2%
Grants
2%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,273,613
$1,470,731
+15%
Membership Dues
$0
$0
-
Investments
$350,556
$387,654
+11%
Other
$129,064
$121,289
-6%
Total Revenues
$1,753,233
$1,979,674
+13%
Expenses
2023
2024
Change
Grants
$12,500
$26,200
+110%
Benefits to Members
$0
$0
-
Salaries & Benefits
$972,829
$952,121
-2%
Fees to Service Providers
$44,492
$55,433
+25%
Advertising & Promotion
$19,301
$21,366
+11%
Offices, Occupancy & IT
$274,970
$250,933
-9%
Interest
$0
$0
-
Depreciation
$24,301
$26,547
+9%
Other
$450,900
$365,308
-19%
Total Expenses
$1,799,293
$1,697,908
-6%
Net income
2023
2024
Change
Net income
-$46,060
+$281,766
-712%
Functional Expenses
Summary
2023
2024
Change
Program
$1,508,465
$1,417,385
-6%
Admin
$290,828
$280,523
-4%
Fundraising
$0
$0
-
Total Expenses
$1,799,293
$1,697,908
-6%
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