THE BRIDGE FUND OF NEW YORK INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,569,061
Contributions
70%
Government Grants
23%
Investments
5%
Other
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,453,401
Salaries & Benefits
45%
Grants
41%
Offices, Occupancy & IT
9%
Fees to Service Providers
4%
Other
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,190,682
$1,801,829
-18%
Government Grants
$2,142,661
$597,316
-72%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$124,199
$118,563
-5%
Other
$4,917
$51,353
+944%
Total Revenues
$4,462,459
$2,569,061
-42%
Expenses
2023
2024
Change
Grants
$2,767,226
$1,407,502
-49%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,515,146
$1,541,959
+2%
Fees to Service Providers
$113,904
$124,156
+9%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$329,892
$324,703
-2%
Interest
$0
$0
-
Depreciation
$32,584
$4,403
-86%
Other
$42,850
$50,678
+18%
Total Expenses
$4,801,602
$3,453,401
-28%
Net income
2023
2024
Change
Net income
-$339,143
-$884,340
-161%
Functional Expenses
Summary
2023
2024
Change
Program
$4,211,164
$2,728,263
-35%
Admin
$425,287
$488,903
+15%
Fundraising
$165,151
$236,235
+43%
Total Expenses
$4,801,602
$3,453,401
-28%
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