FEDERATION OF NEIGHBORHOOD CENTERS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,454,413
Contributions
60%
Government Grants
27%
Program Services
10%
Other
3%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$4,520,528
Salaries & Benefits
50%
Other
29%
Fees to Service Providers
7%
Grants
7%
Offices, Occupancy & IT
7%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,848,857
$2,681,087
-6%
Government Grants
$1,269,583
$1,215,200
-4%
Fundraising Events
$0
$0
-
Program Services
$496,154
$428,424
-14%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$146,729
$129,702
-12%
Total Revenues
$4,761,323
$4,454,413
-6%
Expenses
2023
2024
Change
Grants
$201,756
$300,493
+49%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,124,141
$2,262,351
+7%
Fees to Service Providers
$313,826
$311,035
-1%
Advertising & Promotion
$7,341
$10,477
+43%
Offices, Occupancy & IT
$251,333
$300,109
+19%
Interest
$0
$0
-
Depreciation
$9,231
$8,364
-9%
Other
$1,239,377
$1,327,699
+7%
Total Expenses
$4,147,005
$4,520,528
+9%
Net income
2023
2024
Change
Net income
+$614,318
-$66,115
-111%
Functional Expenses
Summary
2023
2024
Change
Program
$3,663,337
$3,938,815
+8%
Admin
$312,231
$347,312
+11%
Fundraising
$171,437
$234,401
+37%
Total Expenses
$4,147,005
$4,520,528
+9%
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