INNOVATION AFRICA
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$22,310,197
Contributions
N/A
Investments
N/A
Government Grants
N/A
Fundraising Events
N/A
Program Services
N/A
Membership Dues
N/A
Expenses in 2024
$21,592,358
Other
57%
Fees to Service Providers
24%
Grants
13%
Salaries & Benefits
4%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$18,237,718
$22,202,877
+22%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$123,377
$165,469
+34%
Other
$0
-$58,149
-
Total Revenues
$18,361,095
$22,310,197
+22%
Expenses
2023
2024
Change
Grants
$3,238,969
$2,845,788
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$829,565
$825,489
0%
Fees to Service Providers
$4,978,988
$5,262,176
+6%
Advertising & Promotion
$59,063
$97,218
+65%
Offices, Occupancy & IT
$151,996
$164,546
+8%
Interest
$0
$0
-
Depreciation
$91,724
$117,363
+28%
Other
$11,103,575
$12,279,778
+11%
Total Expenses
$20,453,880
$21,592,358
+6%
Net income
2023
2024
Change
Net income
-$2,092,785
+$717,839
-134%
Functional Expenses
Summary
2023
2024
Change
Program
$18,770,203
$19,075,385
+2%
Admin
$908,034
$1,181,692
+30%
Fundraising
$775,643
$1,335,281
+72%
Total Expenses
$20,453,880
$21,592,358
+6%
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