MASBIA OF BORO PARK
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,710,398
Contributions
59%
Government Grants
41%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,670,886
Other
66%
Fees to Service Providers
14%
Salaries & Benefits
10%
Offices, Occupancy & IT
9%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,012,753
$1,595,498
-47%
Government Grants
$1,057,487
$1,113,560
+5%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$1,340
-
Other
$0
$0
-
Total Revenues
$4,070,240
$2,710,398
-33%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$378,856
$255,188
-33%
Fees to Service Providers
$444,549
$380,941
-14%
Advertising & Promotion
$10,980
$12,035
+10%
Offices, Occupancy & IT
$272,352
$246,287
-10%
Interest
$0
$0
-
Depreciation
$22,222
$11,222
-50%
Other
$2,973,807
$1,765,213
-41%
Total Expenses
$4,102,766
$2,670,886
-35%
Net income
2023
2024
Change
Net income
-$32,526
+$39,512
-221%
Functional Expenses
Summary
2023
2024
Change
Program
$3,751,198
$2,330,250
-38%
Admin
$244,699
$233,373
-5%
Fundraising
$106,869
$107,263
+0%
Total Expenses
$4,102,766
$2,670,886
-35%
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