SourcePoint
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$15,212,205
Government Grants
82%
Program Services
10%
Contributions
4%
Investments
4%
Fundraising Events
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$14,153,033
Salaries & Benefits
46%
Fees to Service Providers
30%
Other
12%
Offices, Occupancy & IT
7%
Grants
3%
Depreciation
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$621,259
$561,401
-10%
Government Grants
$11,107,966
$12,543,550
+13%
Fundraising Events
$32,565
$30,802
-5%
Program Services
$1,231,342
$1,512,713
+23%
Membership Dues
$0
$0
-
Investments
$378,761
$539,157
+42%
Other
-$2,209
$24,582
-1213%
Total Revenues
$13,369,684
$15,212,205
+14%
Expenses
2023
2024
Change
Grants
$807,480
$429,900
-47%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,194,495
$6,520,564
+5%
Fees to Service Providers
$3,488,414
$4,268,678
+22%
Advertising & Promotion
$47,313
$32,290
-32%
Offices, Occupancy & IT
$1,103,890
$988,196
-10%
Interest
$0
$0
-
Depreciation
$258,324
$276,724
+7%
Other
$1,405,540
$1,636,681
+16%
Total Expenses
$13,305,456
$14,153,033
+6%
Net income
2023
2024
Change
Net income
+$64,228
+$1,059,172
+1549%
Functional Expenses
Summary
2023
2024
Change
Program
$11,848,343
$12,472,163
+5%
Admin
$1,349,602
$1,555,198
+15%
Fundraising
$107,511
$125,672
+17%
Total Expenses
$13,305,456
$14,153,033
+6%
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