Massachusetts Avenue Project Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,297,744
Contributions
55%
Government Grants
28%
Program Services
11%
Other
5%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,219,627
Salaries & Benefits
61%
Other
25%
Depreciation
7%
Offices, Occupancy & IT
4%
Fees to Service Providers
1%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$667,014
$712,505
+7%
Government Grants
$291,415
$364,295
+25%
Fundraising Events
$0
$0
-
Program Services
$144,743
$147,287
+2%
Membership Dues
$0
$0
-
Investments
$1,930
$2,612
+35%
Other
$25,207
$71,045
+182%
Total Revenues
$1,130,309
$1,297,744
+15%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$533,635
$743,424
+39%
Fees to Service Providers
$12,725
$14,510
+14%
Advertising & Promotion
$2,239
$1,960
-12%
Offices, Occupancy & IT
$72,894
$53,386
-27%
Interest
$9,300
$9,300
+0%
Depreciation
$94,803
$86,579
-9%
Other
$264,619
$310,468
+17%
Total Expenses
$990,215
$1,219,627
+23%
Net income
2023
2024
Change
Net income
+$140,094
+$78,117
-44%
Functional Expenses
Summary
2023
2024
Change
Program
$858,299
$1,076,024
+25%
Admin
$131,916
$143,603
+9%
Fundraising
$0
$0
-
Total Expenses
$990,215
$1,219,627
+23%
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