GRAMEEN AMERICA INC
GRAMEEN AMERICA INC
GRAMEEN AMERICA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$141,839,076
Contributions
58%
Program Services
38%
Investments
2%
Government Grants
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$45,331,257
Salaries & Benefits
63%
Interest
13%
Offices, Occupancy & IT
10%
Other
8%
Fees to Service Providers
5%
Depreciation
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$35,727,626
$81,824,915
+129%
Government Grants
$6,065,578
$2,485,000
-59%
Fundraising Events
$0
$0
-
Program Services
$40,382,850
$54,296,895
+34%
Membership Dues
$0
$0
-
Investments
$1,486,996
$2,918,736
+96%
Other
-$278,642
$313,530
-213%
Total Revenues
$83,384,408
$141,839,076
+70%
Expenses
2023
2024
Change
Grants
$680,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,171,646
$28,399,600
+41%
Fees to Service Providers
$1,782,016
$2,293,172
+29%
Advertising & Promotion
$102,676
$243,980
+138%
Offices, Occupancy & IT
$3,355,785
$4,502,683
+34%
Interest
$3,714,152
$5,722,250
+54%
Depreciation
$121,234
$724,601
+498%
Other
$3,015,524
$3,444,971
+14%
Total Expenses
$32,943,033
$45,331,257
+38%
Net income
2023
2024
Change
Net income
+$50,441,375
+$96,507,819
+91%
Functional Expenses
Summary
2023
2024
Change
Program
$30,824,505
$42,014,795
+36%
Admin
$1,232,674
$2,086,279
+69%
Fundraising
$885,854
$1,230,183
+39%
Total Expenses
$32,943,033
$45,331,257
+38%
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