CONNECTICUT NEWS PROJECT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,952,178
Contributions
90%
Other
4%
Program Services
3%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,725,688
Salaries & Benefits
80%
Other
10%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,370,868
$3,570,518
+51%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$141,474
$135,627
-4%
Membership Dues
$0
$0
-
Investments
$36,948
$94,785
+157%
Other
$126,622
$151,248
+19%
Total Revenues
$2,675,912
$3,952,178
+48%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,056,080
$2,178,171
+6%
Fees to Service Providers
$62,574
$108,350
+73%
Advertising & Promotion
$5,886
$13,523
+130%
Offices, Occupancy & IT
$142,074
$140,425
-1%
Interest
$0
$0
-
Depreciation
$10,190
$10,737
+5%
Other
$271,150
$274,482
+1%
Total Expenses
$2,547,954
$2,725,688
+7%
Net income
2023
2024
Change
Net income
+$127,958
+$1,226,490
+859%
Functional Expenses
Summary
2023
2024
Change
Program
$1,902,110
$1,989,394
+5%
Admin
$255,411
$241,005
-6%
Fundraising
$390,433
$495,289
+27%
Total Expenses
$2,547,954
$2,725,688
+7%
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