MINKWON CENTER FOR COMMUNITY ACTION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,815,935
Contributions
49%
Government Grants
44%
Fundraising Events
6%
Investments
1%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,749,833
Salaries & Benefits
63%
Other
21%
Grants
9%
Offices, Occupancy & IT
4%
Fees to Service Providers
3%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,507,088
$1,386,208
-8%
Government Grants
$1,212,394
$1,229,672
+1%
Fundraising Events
$43,116
$163,960
+280%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$36,095
-
Other
$0
$0
-
Total Revenues
$2,762,598
$2,815,935
+2%
Expenses
2023
2024
Change
Grants
$204,437
$255,097
+25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,580,751
$1,729,147
+9%
Fees to Service Providers
$67,051
$70,040
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$112,808
$117,707
+4%
Interest
$12
$0
-100%
Depreciation
$5,038
$5,825
+16%
Other
$644,848
$572,017
-11%
Total Expenses
$2,614,945
$2,749,833
+5%
Net income
2023
2024
Change
Net income
+$147,653
+$66,102
-55%
Functional Expenses
Summary
2023
2024
Change
Program
$2,176,960
$2,321,335
+7%
Admin
$345,803
$384,321
+11%
Fundraising
$92,182
$44,177
-52%
Total Expenses
$2,614,945
$2,749,833
+5%
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