OPEN DOORS FOR MULTICULTURAL FAMILIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,881,974
Government Grants
72%
Contributions
26%
Program Services
1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,673,305
Salaries & Benefits
71%
Fees to Service Providers
10%
Other
8%
Grants
6%
Offices, Occupancy & IT
6%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,088,367
$1,800,223
+65%
Government Grants
$4,582,324
$4,974,721
+9%
Fundraising Events
$34,871
$0
-100%
Program Services
$153,550
$73,823
-52%
Membership Dues
$0
$0
-
Investments
$6,158
$30,004
+387%
Other
$2,875
$3,203
+11%
Total Revenues
$5,868,145
$6,881,974
+17%
Expenses
2023
2024
Change
Grants
$680,368
$429,140
-37%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,473,525
$4,707,017
+5%
Fees to Service Providers
$304,777
$647,337
+112%
Advertising & Promotion
$0
$1,901
-
Offices, Occupancy & IT
$365,879
$374,330
+2%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$164,896
$513,580
+211%
Total Expenses
$5,989,445
$6,673,305
+11%
Net income
2023
2024
Change
Net income
-$121,300
+$208,669
-272%
Functional Expenses
Summary
2023
2024
Change
Program
$5,126,295
$5,658,770
+10%
Admin
$632,447
$711,824
+13%
Fundraising
$230,703
$302,711
+31%
Total Expenses
$5,989,445
$6,673,305
+11%
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