PENCILS OF PROMISE INCORPORATED
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,807,917
Contributions
88%
Fundraising Events
12%
Other
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$3,945,658
Salaries & Benefits
50%
Other
28%
Fees to Service Providers
13%
Offices, Occupancy & IT
8%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,855,590
$2,472,834
-13%
Government Grants
$0
$0
-
Fundraising Events
$977,907
$333,704
-66%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
-$362,816
$1,379
-100%
Total Revenues
$3,470,681
$2,807,917
-19%
Expenses
2023
2024
Change
Grants
$5,121
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,847,997
$1,964,218
+6%
Fees to Service Providers
$595,336
$509,885
-14%
Advertising & Promotion
$77,836
$27,478
-65%
Offices, Occupancy & IT
$335,961
$319,339
-5%
Interest
$0
$0
-
Depreciation
$42,848
$35,198
-18%
Other
$982,750
$1,089,540
+11%
Total Expenses
$3,887,849
$3,945,658
+1%
Net income
2023
2024
Change
Net income
-$417,168
-$1,137,741
-173%
Functional Expenses
Summary
2023
2024
Change
Program
$3,191,568
$3,451,312
+8%
Admin
$333,568
$153,982
-54%
Fundraising
$362,713
$340,364
-6%
Total Expenses
$3,887,849
$3,945,658
+1%
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