Income Statement

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
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Revenues in 2024
$42,472,731
Other
98%
Investments
2%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$97,204,905
Grants
73%
Salaries & Benefits
15%
Fees to Service Providers
5%
Other
4%
Offices, Occupancy & IT
2%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$5,259,524
$971,118
-82%
Other
-$7,644,759
$41,501,613
-643%
Total Revenues
-$2,385,235
$42,472,731
-1881%
Expenses
2023
2024
Change
Grants
$64,100,430
$71,385,010
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,958,015
$14,213,488
+10%
Fees to Service Providers
$5,024,777
$5,117,350
+2%
Advertising & Promotion
$10,199
$19,696
+93%
Offices, Occupancy & IT
$1,399,958
$2,226,428
+59%
Interest
$0
$0
-
Depreciation
$229,469
$611,657
+167%
Other
$2,777,714
$3,631,276
+31%
Total Expenses
$86,500,562
$97,204,905
+12%
Net income
2023
2024
Change
Net income
-$88,885,797
-$54,732,174
+38%
Functional Expenses
Summary
2023
2024
Change
Program
$71,969,811
$80,401,151
+12%
Admin
$14,530,751
$16,803,754
+16%
Fundraising
$0
$0
-
Total Expenses
$86,500,562
$97,204,905
+12%