Income Statement

Fiscal Year: 2023
Revenues in 2023
$173,736,286
Government Grants
>99%
Contributions
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2023
$73,667,765
Salaries & Benefits
80%
Advertising & Promotion
10%
Fees to Service Providers
4%
Grants
3%
Offices, Occupancy & IT
2%
Other
<1%
Interest
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2022
2023
Change
Contributions
$0
$0
-
Government Grants
$187,924,560
$173,736,286
-8%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$187,924,560
$173,736,286
-8%
Expenses
2022
2023
Change
Grants
$2,735,500
$2,224,500
-19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$144,369,662
$58,754,372
-59%
Fees to Service Providers
$4,560,487
$3,242,384
-29%
Advertising & Promotion
$4,640,074
$7,199,877
+55%
Offices, Occupancy & IT
$18,160,236
$1,832,052
-90%
Interest
$624,371
$12,627
-98%
Depreciation
$2,386
$123
-95%
Other
$1,755,831
$401,830
-77%
Total Expenses
$176,848,547
$73,667,765
-58%
Net income
2022
2023
Change
Net income
+$11,076,013
+$100,068,521
+803%
Functional Expenses
Summary
2022
2023
Change
Program
$2,735,500
$2,224,500
-19%
Admin
$174,113,047
$71,443,265
-59%
Fundraising
$0
$0
-
Total Expenses
$176,848,547
$73,667,765
-58%