ABILITY WORKS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,745,482
Program Services
90%
Government Grants
7%
Contributions
2%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,859,497
Salaries & Benefits
64%
Other
26%
Depreciation
6%
Offices, Occupancy & IT
2%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$40,389
$68,038
+68%
Government Grants
$0
$243,857
-
Fundraising Events
$0
$0
-
Program Services
$2,631,507
$3,387,855
+29%
Membership Dues
$0
$0
-
Investments
$41,699
$15,681
-62%
Other
$4,611
$30,051
+552%
Total Revenues
$2,718,206
$3,745,482
+38%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,635,192
$1,823,056
+11%
Fees to Service Providers
$41,238
$47,215
+14%
Advertising & Promotion
$7,906
$11,115
+41%
Offices, Occupancy & IT
$67,778
$60,193
-11%
Interest
$0
$0
-
Depreciation
$156,125
$164,667
+5%
Other
$686,601
$753,251
+10%
Total Expenses
$2,594,840
$2,859,497
+10%
Net income
2023
2024
Change
Net income
+$123,366
+$885,985
+618%
Functional Expenses
Summary
2023
2024
Change
Program
$1,787,915
$1,943,697
+9%
Admin
$723,781
$813,594
+12%
Fundraising
$83,144
$102,206
+23%
Total Expenses
$2,594,840
$2,859,497
+10%
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