Project Hospitality Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$52,374,686
Government Grants
80%
Program Services
14%
Contributions
4%
Other
<1%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$53,158,732
Salaries & Benefits
50%
Other
27%
Fees to Service Providers
15%
Offices, Occupancy & IT
7%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,986,642
$2,308,307
+16%
Government Grants
$38,930,652
$42,109,701
+8%
Fundraising Events
$263,202
$206,024
-22%
Program Services
$9,497,271
$7,217,172
-24%
Membership Dues
$0
$0
-
Investments
$67,794
$91,182
+34%
Other
$310,099
$442,300
+43%
Total Revenues
$51,055,660
$52,374,686
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$25,121,687
$26,611,849
+6%
Fees to Service Providers
$6,016,498
$7,753,679
+29%
Advertising & Promotion
$57,490
$55,847
-3%
Offices, Occupancy & IT
$3,965,700
$3,971,312
+0%
Interest
$53,169
$52,219
-2%
Depreciation
$369,172
$445,568
+21%
Other
$13,847,281
$14,268,258
+3%
Total Expenses
$49,430,997
$53,158,732
+8%
Net income
2023
2024
Change
Net income
+$1,624,663
-$784,046
-148%
Functional Expenses
Summary
2023
2024
Change
Program
$44,333,052
$47,150,737
+6%
Admin
$4,885,169
$5,582,613
+14%
Fundraising
$212,776
$425,382
+100%
Total Expenses
$49,430,997
$53,158,732
+8%
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