TECHNOVATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,596,256
Contributions
91%
Government Grants
9%
Program Services
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$4,834,181
Salaries & Benefits
72%
Other
15%
Grants
8%
Advertising & Promotion
4%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Interest
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,947,211
$5,075,247
+29%
Government Grants
$29,962
$510,514
+1604%
Fundraising Events
$0
$0
-
Program Services
$0
$10,350
-
Membership Dues
$0
$0
-
Investments
$220
$145
-34%
Other
$215,456
$0
-100%
Total Revenues
$4,192,849
$5,596,256
+33%
Expenses
2023
2024
Change
Grants
$604,639
$398,444
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,018,964
$3,480,238
+15%
Fees to Service Providers
$34,212
$47,796
+40%
Advertising & Promotion
$124,848
$170,796
+37%
Offices, Occupancy & IT
$22,315
$14,627
-34%
Interest
$5,030
$6,361
+26%
Depreciation
$3,802
$3,829
+1%
Other
$755,791
$712,090
-6%
Total Expenses
$4,569,601
$4,834,181
+6%
Net income
2023
2024
Change
Net income
-$376,752
+$762,075
-302%
Functional Expenses
Summary
2023
2024
Change
Program
$3,610,046
$3,783,091
+5%
Admin
$420,892
$458,736
+9%
Fundraising
$538,663
$592,354
+10%
Total Expenses
$4,569,601
$4,834,181
+6%
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