THE CONNECTION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$47,192,654
Government Grants
94%
Program Services
5%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$46,819,088
Salaries & Benefits
49%
Fees to Service Providers
19%
Grants
17%
Other
7%
Offices, Occupancy & IT
7%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$240,988
$216,335
-10%
Government Grants
$42,469,603
$44,346,311
+4%
Fundraising Events
$0
$0
-
Program Services
$2,350,125
$2,502,649
+6%
Membership Dues
$0
$0
-
Investments
$42,490
$127,359
+200%
Other
$0
$0
-
Total Revenues
$45,103,206
$47,192,654
+5%
Expenses
2023
2024
Change
Grants
$8,695,410
$8,063,582
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$21,776,140
$22,954,916
+5%
Fees to Service Providers
$8,450,734
$8,792,800
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,986,641
$3,196,180
+7%
Interest
$0
$0
-
Depreciation
$361,199
$415,364
+15%
Other
$2,901,816
$3,396,246
+17%
Total Expenses
$45,171,940
$46,819,088
+4%
Net income
2023
2024
Change
Net income
-$68,734
+$373,566
-643%
Functional Expenses
Summary
2023
2024
Change
Program
$39,160,207
$46,819,088
+20%
Admin
$6,011,733
$0
-100%
Fundraising
$0
$0
-
Total Expenses
$45,171,940
$46,819,088
+4%
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