THE YOUNGSTOWN EDISON BUSINESS INCUBATOR
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,546,159
Government Grants
72%
Other
11%
Contributions
10%
Membership Dues
7%
Fundraising Events
0%
Program Services
0%
Investments
0%
Expenses in 2024
$4,919,001
Salaries & Benefits
39%
Fees to Service Providers
15%
Depreciation
14%
Grants
12%
Offices, Occupancy & IT
9%
Other
6%
Advertising & Promotion
2%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$639,111
$730,302
+14%
Government Grants
$2,385,394
$5,432,872
+128%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$296,324
$520,788
+76%
Investments
$0
$0
-
Other
$873,643
$862,197
-1%
Total Revenues
$4,194,472
$7,546,159
+80%
Expenses
2023
2024
Change
Grants
$698,061
$613,545
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,557,093
$1,940,801
+25%
Fees to Service Providers
$535,167
$747,784
+40%
Advertising & Promotion
$49,165
$97,887
+99%
Offices, Occupancy & IT
$477,397
$454,074
-5%
Interest
$62,634
$81,318
+30%
Depreciation
$707,318
$704,131
0%
Other
$232,761
$279,461
+20%
Total Expenses
$4,319,596
$4,919,001
+14%
Net income
2023
2024
Change
Net income
-$125,124
+$2,627,158
-2200%
Functional Expenses
Summary
2023
2024
Change
Program
$3,615,170
$4,119,113
+14%
Admin
$508,508
$561,339
+10%
Fundraising
$195,918
$238,549
+22%
Total Expenses
$4,319,596
$4,919,001
+14%
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