CORTEX
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,285,939
Government Grants
59%
Program Services
34%
Investments
3%
Contributions
3%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,849,540
Grants
31%
Salaries & Benefits
21%
Depreciation
14%
Fees to Service Providers
12%
Offices, Occupancy & IT
11%
Other
8%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$266,721
$372,156
+40%
Government Grants
$983,480
$7,244,225
+637%
Fundraising Events
$0
$0
-
Program Services
$4,311,461
$4,194,737
-3%
Membership Dues
$0
$0
-
Investments
$791,635
$421,615
-47%
Other
$10,859,054
$53,206
-100%
Total Revenues
$17,212,351
$12,285,939
-29%
Expenses
2023
2024
Change
Grants
$2,273,404
$4,015,654
+77%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,209,599
$2,664,695
+21%
Fees to Service Providers
$879,447
$1,517,544
+73%
Advertising & Promotion
$119,577
$120,524
+1%
Offices, Occupancy & IT
$1,383,728
$1,411,256
+2%
Interest
$603,242
$304,165
-50%
Depreciation
$2,067,732
$1,846,241
-11%
Other
$848,825
$969,461
+14%
Total Expenses
$10,385,554
$12,849,540
+24%
Net income
2023
2024
Change
Net income
+$6,826,797
-$563,601
-108%
Functional Expenses
Summary
2023
2024
Change
Program
$8,570,714
$11,311,458
+32%
Admin
$1,431,348
$1,308,115
-9%
Fundraising
$383,492
$229,967
-40%
Total Expenses
$10,385,554
$12,849,540
+24%
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