MUSLIM ASSOCIATION OF PUGET SOUND
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,286,362
Contributions
67%
Government Grants
14%
Program Services
11%
Other
6%
Fundraising Events
2%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$6,612,152
Other
35%
Grants
29%
Salaries & Benefits
29%
Offices, Occupancy & IT
6%
Depreciation
1%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,964,022
$4,908,678
+24%
Government Grants
$439,002
$985,285
+124%
Fundraising Events
$355,745
$145,158
-59%
Program Services
$592,068
$770,337
+30%
Membership Dues
$0
$0
-
Investments
$0
$28,708
-
Other
$658,209
$448,196
-32%
Total Revenues
$6,009,046
$7,286,362
+21%
Expenses
2023
2024
Change
Grants
$1,235,175
$1,930,925
+56%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,404,322
$1,890,941
+35%
Fees to Service Providers
$105,287
$0
-100%
Advertising & Promotion
$9,782
$0
-100%
Offices, Occupancy & IT
$569,282
$416,097
-27%
Interest
$0
$0
-
Depreciation
$337,077
$78,712
-77%
Other
$1,690,945
$2,295,477
+36%
Total Expenses
$5,351,870
$6,612,152
+24%
Net income
2023
2024
Change
Net income
+$657,176
+$674,210
+3%
Functional Expenses
Summary
2023
2024
Change
Program
$4,320,196
$5,450,475
+26%
Admin
$1,031,674
$1,017,894
-1%
Fundraising
$0
$143,783
-
Total Expenses
$5,351,870
$6,612,152
+24%
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