HIP HOP CAUCUS EDUCATION FUND
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,133,770
Contributions
99%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,259,919
Salaries & Benefits
44%
Fees to Service Providers
26%
Other
24%
Offices, Occupancy & IT
6%
Advertising & Promotion
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$11,810,412
$1,121,270
-91%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$12,120
$0
-100%
Membership Dues
$0
$0
-
Investments
$0
$2,500
-
Other
$0
$10,000
-
Total Revenues
$11,822,532
$1,133,770
-90%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,000,454
$2,313,697
-23%
Fees to Service Providers
$1,388,285
$1,352,157
-3%
Advertising & Promotion
$7,808
$57,934
+642%
Offices, Occupancy & IT
$278,294
$295,673
+6%
Interest
$0
$0
-
Depreciation
$6,059
$4,145
-32%
Other
$908,036
$1,236,313
+36%
Total Expenses
$5,588,936
$5,259,919
-6%
Net income
2023
2024
Change
Net income
+$6,233,596
-$4,126,149
-166%
Functional Expenses
Summary
2023
2024
Change
Program
$3,366,403
$3,054,690
-9%
Admin
$1,111,267
$1,102,615
-1%
Fundraising
$1,111,266
$1,102,614
-1%
Total Expenses
$5,588,936
$5,259,919
-6%
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