Income Statement

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Revenues in 2024
$56,613,396
Government Grants
88%
Program Services
7%
Contributions
3%
Other
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$56,348,761
Grants
64%
Salaries & Benefits
19%
Fees to Service Providers
9%
Offices, Occupancy & IT
6%
Other
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,435,264
$1,706,358
+19%
Government Grants
$34,862,565
$49,991,133
+43%
Fundraising Events
$0
$0
-
Program Services
$3,798,381
$3,975,500
+5%
Membership Dues
$0
$0
-
Investments
$41,148
$169,590
+312%
Other
$174,702
$770,815
+341%
Total Revenues
$40,312,060
$56,613,396
+40%
Expenses
2023
2024
Change
Grants
$21,430,079
$36,313,223
+69%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,350,945
$10,844,803
+5%
Fees to Service Providers
$3,667,692
$4,830,519
+32%
Advertising & Promotion
$260,545
$141,037
-46%
Offices, Occupancy & IT
$3,040,559
$3,475,103
+14%
Interest
$0
$0
-
Depreciation
$63,181
$104,608
+66%
Other
$547,097
$639,468
+17%
Total Expenses
$39,360,098
$56,348,761
+43%
Net income
2023
2024
Change
Net income
+$951,962
+$264,635
-72%
Functional Expenses
Summary
2023
2024
Change
Program
$38,377,231
$55,315,380
+44%
Admin
$970,361
$1,020,407
+5%
Fundraising
$12,506
$12,974
+4%
Total Expenses
$39,360,098
$56,348,761
+43%