GERMAN AMERICAN CHAMBER OF COMMERCE INC
Pub 78

GERMAN AMERICAN CHAMBER OF COMMERCE INC
Pub 78

New York, NY, US
501(c)
EIN
13-1893850

GERMAN AMERICAN CHAMBER OF COMMERCE INC
Pub 78

New York, NY, US
501(c)
EIN
13-1893850

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$8,015,491

Program Services
58%
Government Grants
36%
Membership Dues
6%
Other
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Expenses in 2024

$7,581,139

Salaries & Benefits
62%
Other
21%
Offices, Occupancy & IT
10%
Fees to Service Providers
7%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$2,660,124
$2,908,520
+9%
Fundraising Events
$0
$0
-
Program Services
$4,552,638
$4,637,407
+2%
Membership Dues
$371,908
$442,150
+19%
Investments
$2,689
$200
-93%
Other
$66,783
$27,214
-59%
Total Revenues
$7,654,142
$8,015,491
+5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,346,767
$4,662,973
+7%
Fees to Service Providers
$478,506
$529,181
+11%
Advertising & Promotion
$11,793
$0
-100%
Offices, Occupancy & IT
$732,092
$731,776
0%
Interest
$0
$0
-
Depreciation
$41,478
$48,275
+16%
Other
$1,472,943
$1,608,934
+9%
Total Expenses
$7,083,579
$7,581,139
+7%
Net income
2023
2024
Change
Net income
+$570,563
+$434,352
-24%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$7,083,579
$7,581,139
+7%
Income Statement
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