SPORTS MENTORSHIP ACADEMY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$174,761
Contributions
>99%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$195,832
Offices, Occupancy & IT
41%
Salaries & Benefits
30%
Other
20%
Depreciation
5%
Fees to Service Providers
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$243,262
$174,761
-28%
Government Grants
$96,670
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$339,932
$174,761
-49%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$59,503
$59,472
0%
Fees to Service Providers
$10,620
$6,330
-40%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$58,999
$81,229
+38%
Interest
$0
$0
-
Depreciation
$5,483
$9,265
+69%
Other
$72,240
$39,536
-45%
Total Expenses
$206,845
$195,832
-5%
Net income
2023
2024
Change
Net income
+$133,087
-$21,071
-116%
Functional Expenses
Summary
2023
2024
Change
Program
$175,502
$166,674
-5%
Admin
$10,243
$9,281
-9%
Fundraising
$21,100
$19,877
-6%
Total Expenses
$206,845
$195,832
-5%
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