Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024
$22,799,704
Government Grants
72%
Program Services
27%
Investments
<1%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$49,953,522
Other
37%
Offices, Occupancy & IT
29%
Fees to Service Providers
13%
Depreciation
13%
Interest
7%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$2,709,693
$16,394,624
+505%
Fundraising Events
$0
$0
-
Program Services
$2,296,983
$6,163,344
+168%
Membership Dues
$0
$0
-
Investments
$1,883,446
$167,322
-91%
Other
$2,647,172
$74,414
-97%
Total Revenues
$9,537,294
$22,799,704
+139%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$5,606,622
$6,649,483
+19%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,173,255
$14,648,139
+1149%
Interest
$1,767,367
$3,610,515
+104%
Depreciation
$865,819
$6,482,875
+649%
Other
$693,299
$18,562,510
+2577%
Total Expenses
$10,106,362
$49,953,522
+394%
Net income
2023
2024
Change
Net income
-$569,068
-$27,153,818
-4672%
Functional Expenses
Summary
2023
2024
Change
Program
$4,499,740
$43,304,039
+862%
Admin
$5,606,622
$6,649,483
+19%
Fundraising
$0
$0
-
Total Expenses
$10,106,362
$49,953,522
+394%