THE INNOCENCE PROJECT INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$33,643,969
Contributions
80%
Investments
8%
Other
5%
Fundraising Events
5%
Program Services
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$29,266,147
Salaries & Benefits
64%
Offices, Occupancy & IT
12%
Other
12%
Fees to Service Providers
9%
Depreciation
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$25,108,558
$27,029,621
+8%
Government Grants
$0
$0
-
Fundraising Events
$1,536,246
$1,707,382
+11%
Program Services
$397,908
$419,569
+5%
Membership Dues
$0
$0
-
Investments
$1,129,847
$2,658,065
+135%
Other
$4,283,287
$1,829,332
-57%
Total Revenues
$32,455,846
$33,643,969
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,789,603
$18,706,764
+18%
Fees to Service Providers
$2,965,254
$2,610,065
-12%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,394,648
$3,571,585
+5%
Interest
$0
$0
-
Depreciation
$660,468
$846,668
+28%
Other
$3,402,709
$3,531,065
+4%
Total Expenses
$26,212,682
$29,266,147
+12%
Net income
2023
2024
Change
Net income
+$6,243,164
+$4,377,822
-30%
Functional Expenses
Summary
2023
2024
Change
Program
$19,462,254
$21,686,605
+11%
Admin
$3,678,701
$4,141,016
+13%
Fundraising
$3,071,727
$3,438,526
+12%
Total Expenses
$26,212,682
$29,266,147
+12%
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