CONNECTIONS WORK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,233,889
Government Grants
45%
Program Services
29%
Contributions
23%
Investments
1%
Fundraising Events
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$3,141,858
Salaries & Benefits
73%
Other
14%
Offices, Occupancy & IT
9%
Fees to Service Providers
2%
Depreciation
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$703,058
$739,982
+5%
Government Grants
$1,266,636
$1,465,513
+16%
Fundraising Events
$26,500
$24,000
-9%
Program Services
$942,809
$953,410
+1%
Membership Dues
$0
$0
-
Investments
$21,388
$36,599
+71%
Other
$4,809
$14,385
+199%
Total Revenues
$2,965,200
$3,233,889
+9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,182,207
$2,298,103
+5%
Fees to Service Providers
$98,252
$62,997
-36%
Advertising & Promotion
$42,864
$27,079
-37%
Offices, Occupancy & IT
$313,216
$288,599
-8%
Interest
$0
$0
-
Depreciation
$42,936
$37,646
-12%
Other
$394,182
$427,434
+8%
Total Expenses
$3,073,657
$3,141,858
+2%
Net income
2023
2024
Change
Net income
-$108,457
+$92,031
-185%
Functional Expenses
Summary
2023
2024
Change
Program
$2,661,498
$2,771,754
+4%
Admin
$262,090
$256,325
-2%
Fundraising
$150,069
$113,779
-24%
Total Expenses
$3,073,657
$3,141,858
+2%
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