NEW CHOICES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$562,417
Government Grants
74%
Contributions
24%
Other
1%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$641,956
Salaries & Benefits
61%
Other
16%
Offices, Occupancy & IT
12%
Depreciation
6%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$157,888
$136,525
-14%
Government Grants
$346,181
$416,453
+20%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$627
$1,075
+71%
Other
$8,815
$8,364
-5%
Total Revenues
$513,511
$562,417
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$352,834
$390,943
+11%
Fees to Service Providers
$30,665
$18,666
-39%
Advertising & Promotion
$105
$499
+375%
Offices, Occupancy & IT
$58,255
$76,243
+31%
Interest
$9,120
$12,200
+34%
Depreciation
$46,750
$41,316
-12%
Other
$96,060
$102,089
+6%
Total Expenses
$593,789
$641,956
+8%
Net income
2023
2024
Change
Net income
-$80,278
-$79,539
+1%
Functional Expenses
Summary
2023
2024
Change
Program
$556,810
$585,040
+5%
Admin
$25,540
$44,758
+75%
Fundraising
$11,439
$12,158
+6%
Total Expenses
$593,789
$641,956
+8%
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