ISLAND GROWN INITIATIVE LTD
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,128,179
Contributions
93%
Other
5%
Program Services
2%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,925,329
Salaries & Benefits
46%
Other
29%
Depreciation
8%
Offices, Occupancy & IT
8%
Fees to Service Providers
4%
Interest
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,131,336
$5,673,279
-20%
Government Grants
$231,196
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$14,046
$93,263
+564%
Membership Dues
$0
$0
-
Investments
$23,148
$80,521
+248%
Other
-$325,010
$281,116
-186%
Total Revenues
$7,074,716
$6,128,179
-13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,823,285
$1,817,442
0%
Fees to Service Providers
$213,370
$172,994
-19%
Advertising & Promotion
$12,361
$14,237
+15%
Offices, Occupancy & IT
$304,382
$316,739
+4%
Interest
$43,668
$135,817
+211%
Depreciation
$179,175
$317,336
+77%
Other
$517,664
$1,150,764
+122%
Total Expenses
$3,093,905
$3,925,329
+27%
Net income
2023
2024
Change
Net income
+$3,980,811
+$2,202,850
-45%
Functional Expenses
Summary
2023
2024
Change
Program
$2,430,074
$3,238,393
+33%
Admin
$340,811
$279,332
-18%
Fundraising
$323,020
$407,604
+26%
Total Expenses
$3,093,905
$3,925,329
+27%
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