Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024
$31,586,333
Program Services
54%
Other
37%
Government Grants
8%
Investments
1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$21,539,954
Interest
46%
Offices, Occupancy & IT
18%
Depreciation
15%
Other
9%
Fees to Service Providers
8%
Salaries & Benefits
4%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$49
$0
-100%
Government Grants
$2,318,122
$2,548,250
+10%
Fundraising Events
$0
$0
-
Program Services
$2,359,426
$17,043,384
+622%
Membership Dues
$0
$0
-
Investments
$419,957
$405,171
-4%
Other
$345,124
$11,589,528
+3258%
Total Revenues
$5,442,678
$31,586,333
+480%
Expenses
2023
2024
Change
Grants
$31,439
$66,443
+111%
Benefits to Members
$0
$0
-
Salaries & Benefits
$816,128
$850,898
+4%
Fees to Service Providers
$654,008
$1,688,563
+158%
Advertising & Promotion
$21,095
$19,057
-10%
Offices, Occupancy & IT
$2,338,272
$3,801,952
+63%
Interest
$1,870,961
$9,962,209
+432%
Depreciation
$1,082,730
$3,306,330
+205%
Other
$2,042,258
$1,844,502
-10%
Total Expenses
$8,856,891
$21,539,954
+143%
Net income
2023
2024
Change
Net income
-$3,414,213
+$10,046,379
-394%
Functional Expenses
Summary
2023
2024
Change
Program
$5,300,980
$16,791,659
+217%
Admin
$3,555,911
$4,748,295
+34%
Fundraising
$0
$0
-
Total Expenses
$8,856,891
$21,539,954
+143%