Income Statement

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Revenues in 2024
$28,161,648
Program Services
63%
Investments
37%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$19,230,443
Other
36%
Interest
22%
Offices, Occupancy & IT
16%
Depreciation
10%
Fees to Service Providers
10%
Salaries & Benefits
5%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$250,000
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$17,650,997
$17,778,467
+1%
Membership Dues
$0
$0
-
Investments
$3,414,453
$10,290,082
+201%
Other
$2,910,020
$93,099
-97%
Total Revenues
$24,225,470
$28,161,648
+16%
Expenses
2023
2024
Change
Grants
$35,500
$81,750
+130%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,500,488
$949,474
-73%
Fees to Service Providers
$1,685,341
$1,876,087
+11%
Advertising & Promotion
$1,635
$2,035
+24%
Offices, Occupancy & IT
$3,091,320
$3,155,491
+2%
Interest
$4,082,977
$4,286,705
+5%
Depreciation
$2,191,203
$2,007,853
-8%
Other
$4,780,629
$6,871,048
+44%
Total Expenses
$19,369,093
$19,230,443
-1%
Net income
2023
2024
Change
Net income
+$4,856,377
+$8,931,205
+84%
Functional Expenses
Summary
2023
2024
Change
Program
$16,261,930
$15,707,277
-3%
Admin
$3,107,163
$3,523,166
+13%
Fundraising
$0
$0
-
Total Expenses
$19,369,093
$19,230,443
-1%