BELCO WORKS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,407,660
Program Services
90%
Other
4%
Contributions
3%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,869,742
Salaries & Benefits
82%
Other
8%
Depreciation
4%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$166,275
$139,487
-16%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,757,810
$3,983,071
+6%
Membership Dues
$0
$0
-
Investments
$88,667
$104,110
+17%
Other
$78,982
$180,992
+129%
Total Revenues
$4,091,734
$4,407,660
+8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,901,523
$3,155,050
+9%
Fees to Service Providers
$158,527
$83,238
-47%
Advertising & Promotion
$16,731
$22,773
+36%
Offices, Occupancy & IT
$73,360
$113,447
+55%
Interest
$42,570
$38,818
-9%
Depreciation
$176,884
$144,381
-18%
Other
$316,042
$312,035
-1%
Total Expenses
$3,685,637
$3,869,742
+5%
Net income
2023
2024
Change
Net income
+$406,097
+$537,918
+32%
Functional Expenses
Summary
2023
2024
Change
Program
$3,080,878
$3,137,516
+2%
Admin
$604,759
$732,226
+21%
Fundraising
$0
$0
-
Total Expenses
$3,685,637
$3,869,742
+5%
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