BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,816,534
Government Grants
48%
Other
28%
Contributions
13%
Fundraising Events
10%
Program Services
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$3,836,460
Salaries & Benefits
35%
Grants
29%
Other
14%
Advertising & Promotion
8%
Fees to Service Providers
7%
Offices, Occupancy & IT
6%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$366,933
$372,366
+1%
Government Grants
$1,006,162
$1,338,750
+33%
Fundraising Events
$77,244
$285,621
+270%
Program Services
$15,846
$20,041
+26%
Membership Dues
$0
$0
-
Investments
$382
$78
-80%
Other
$253,026
$799,678
+216%
Total Revenues
$1,719,593
$2,816,534
+64%
Expenses
2023
2024
Change
Grants
$103,539
$1,125,650
+987%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,010,016
$1,342,260
+33%
Fees to Service Providers
$127,885
$283,710
+122%
Advertising & Promotion
$59,536
$299,287
+403%
Offices, Occupancy & IT
$204,954
$216,954
+6%
Interest
$0
$0
-
Depreciation
$4,604
$21,609
+369%
Other
$682,920
$546,990
-20%
Total Expenses
$2,193,454
$3,836,460
+75%
Net income
2023
2024
Change
Net income
-$473,861
-$1,019,926
-115%
Functional Expenses
Summary
2023
2024
Change
Program
$1,925,741
$3,427,459
+78%
Admin
$136,108
$158,513
+16%
Fundraising
$131,605
$250,488
+90%
Total Expenses
$2,193,454
$3,836,460
+75%
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