Armenian Church Endowment Fund Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,642,810
Other
71%
Contributions
14%
Investments
12%
Program Services
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,227,436
Grants
81%
Fees to Service Providers
11%
Salaries & Benefits
4%
Other
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,553,868
$1,660,705
+7%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$263,187
$312,801
+19%
Membership Dues
$0
$0
-
Investments
$998,544
$1,363,994
+37%
Other
$1,548,184
$8,305,310
+436%
Total Revenues
$4,363,783
$11,642,810
+167%
Expenses
2023
2024
Change
Grants
$3,326,586
$3,429,027
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$125,208
$179,676
+44%
Fees to Service Providers
$401,024
$471,298
+18%
Advertising & Promotion
$21,000
$18,650
-11%
Offices, Occupancy & IT
$46,982
$58,102
+24%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$55,612
$70,683
+27%
Total Expenses
$3,976,412
$4,227,436
+6%
Net income
2023
2024
Change
Net income
+$387,371
+$7,415,374
+1814%
Functional Expenses
Summary
2023
2024
Change
Program
$3,366,888
$3,500,743
+4%
Admin
$609,524
$726,693
+19%
Fundraising
$0
$0
-
Total Expenses
$3,976,412
$4,227,436
+6%
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