CENTER FOR ECONOMIC GROWTH INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,456,973
Government Grants
40%
Program Services
39%
Contributions
18%
Other
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,662,378
Other
70%
Fees to Service Providers
14%
Grants
11%
Offices, Occupancy & IT
3%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$286,247
$261,908
-9%
Government Grants
$657,438
$584,999
-11%
Fundraising Events
$0
$0
-
Program Services
$352,548
$562,577
+60%
Membership Dues
$0
$0
-
Investments
$548
$26
-95%
Other
$21,578
$47,463
+120%
Total Revenues
$1,318,359
$1,456,973
+11%
Expenses
2023
2024
Change
Grants
$142,048
$190,914
+34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$229,173
$240,789
+5%
Advertising & Promotion
$2,616
$10,250
+292%
Offices, Occupancy & IT
$30,275
$46,085
+52%
Interest
$0
$0
-
Depreciation
$1,700
$17,088
+905%
Other
$1,053,601
$1,157,252
+10%
Total Expenses
$1,459,413
$1,662,378
+14%
Net income
2023
2024
Change
Net income
-$141,054
-$205,405
-46%
Functional Expenses
Summary
2023
2024
Change
Program
$1,383,362
$1,585,336
+15%
Admin
$76,051
$77,042
+1%
Fundraising
$0
$0
-
Total Expenses
$1,459,413
$1,662,378
+14%
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