BUILD WEALTH MN INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$7,717,316
Contributions
88%
Program Services
7%
Government Grants
3%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2023
$4,247,455
Other
49%
Salaries & Benefits
43%
Offices, Occupancy & IT
4%
Fees to Service Providers
2%
Depreciation
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2022
2023
Change
Contributions
$7,346,942
$6,827,759
-7%
Government Grants
$1,014,500
$260,000
-74%
Fundraising Events
$0
$0
-
Program Services
$291,905
$513,401
+76%
Membership Dues
$0
$0
-
Investments
$0
$116,156
-
Other
$0
$0
-
Total Revenues
$8,653,347
$7,717,316
-11%
Expenses
2022
2023
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,604,842
$1,819,195
+13%
Fees to Service Providers
$41,178
$79,277
+93%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$157,567
$187,377
+19%
Interest
$7,904
$26,628
+237%
Depreciation
$71,676
$72,750
+1%
Other
$2,200,253
$2,062,228
-6%
Total Expenses
$4,083,420
$4,247,455
+4%
Net income
2022
2023
Change
Net income
+$4,569,927
+$3,469,861
-24%
Functional Expenses
Summary
2022
2023
Change
Program
$3,531,856
$3,796,123
+7%
Admin
$469,770
$390,026
-17%
Fundraising
$81,794
$61,306
-25%
Total Expenses
$4,083,420
$4,247,455
+4%
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