Palmetto Promise Institute
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,296,721
Contributions
96%
Other
3%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,708,169
Grants
62%
Salaries & Benefits
20%
Advertising & Promotion
8%
Other
4%
Offices, Occupancy & IT
3%
Fees to Service Providers
3%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$639,857
$3,174,945
+396%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3
$7,024
+234033%
Other
$265
$114,752
+43203%
Total Revenues
$640,125
$3,296,721
+415%
Expenses
2023
2024
Change
Grants
$0
$1,058,454
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$316,028
$341,514
+8%
Fees to Service Providers
$11,222
$49,779
+344%
Advertising & Promotion
$10,730
$143,545
+1238%
Offices, Occupancy & IT
$13,250
$52,731
+298%
Interest
$0
$0
-
Depreciation
$11,971
$0
-100%
Other
$167,044
$62,146
-63%
Total Expenses
$530,245
$1,708,169
+222%
Net income
2023
2024
Change
Net income
+$109,880
+$1,588,552
+1346%
Functional Expenses
Summary
2023
2024
Change
Program
$358,674
$1,526,305
+326%
Admin
$97,322
$99,223
+2%
Fundraising
$74,249
$82,641
+11%
Total Expenses
$530,245
$1,708,169
+222%
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