Greater Cincinnati Microenterprise
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$677,149
Program Services
41%
Contributions
40%
Government Grants
19%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2023
$567,437
Salaries & Benefits
47%
Fees to Service Providers
28%
Offices, Occupancy & IT
15%
Other
7%
Advertising & Promotion
1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2022
2023
Change
Contributions
$238,123
$269,901
+13%
Government Grants
$150,109
$126,233
-16%
Fundraising Events
$0
$0
-
Program Services
$265,113
$275,654
+4%
Membership Dues
$0
$0
-
Investments
$6,857
$5,361
-22%
Other
$0
$0
-
Total Revenues
$660,202
$677,149
+3%
Expenses
2022
2023
Change
Grants
$0
$3,500
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$213,071
$266,713
+25%
Fees to Service Providers
$135,143
$160,644
+19%
Advertising & Promotion
$9,450
$7,929
-16%
Offices, Occupancy & IT
$95,672
$86,966
-9%
Interest
$0
$0
-
Depreciation
$2,200
$0
-100%
Other
$27,325
$41,685
+53%
Total Expenses
$482,861
$567,437
+18%
Net income
2022
2023
Change
Net income
+$177,341
+$109,712
-38%
Functional Expenses
Summary
2022
2023
Change
Program
$385,498
$447,354
+16%
Admin
$97,363
$120,083
+23%
Fundraising
$0
$0
-
Total Expenses
$482,861
$567,437
+18%
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