Ironbound Community Corporation
Ironbound Community Corporation
Ironbound Community Corporation
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$10,799,349
Government Grants
65%
Contributions
28%
Investments
2%
Program Services
2%
Other
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$9,679,250
Salaries & Benefits
72%
Offices, Occupancy & IT
10%
Fees to Service Providers
6%
Depreciation
4%
Grants
3%
Other
3%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,331,606
$3,066,949
-8%
Government Grants
$7,074,229
$7,045,900
0%
Fundraising Events
$10,572
$49,500
+368%
Program Services
$220,723
$246,249
+12%
Membership Dues
$0
$0
-
Investments
$165,006
$259,659
+57%
Other
$36,929
$131,092
+255%
Total Revenues
$10,839,065
$10,799,349
0%
Expenses
2023
2024
Change
Grants
$220,864
$329,732
+49%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,926,767
$7,015,552
+1%
Fees to Service Providers
$886,453
$538,622
-39%
Advertising & Promotion
$27,938
$37,937
+36%
Offices, Occupancy & IT
$1,193,427
$1,013,224
-15%
Interest
$97,612
$82,182
-16%
Depreciation
$358,302
$386,519
+8%
Other
$225,126
$275,482
+22%
Total Expenses
$9,936,489
$9,679,250
-3%
Net income
2023
2024
Change
Net income
+$902,576
+$1,120,099
+24%
Functional Expenses
Summary
2023
2024
Change
Program
$9,271,222
$8,847,236
-5%
Admin
$532,215
$665,711
+25%
Fundraising
$133,052
$166,303
+25%
Total Expenses
$9,936,489
$9,679,250
-3%
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