AKRON COMMUNITY DEVELOPMENT ASSOCIATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,372,264
Program Services
64%
Government Grants
34%
Contributions
2%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$3,936,441
Salaries & Benefits
51%
Other
32%
Offices, Occupancy & IT
10%
Fees to Service Providers
7%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$4,774
$63,265
+1225%
Government Grants
$358,000
$1,155,134
+223%
Fundraising Events
$0
$0
-
Program Services
$2,922,737
$2,153,865
-26%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$3,285,511
$3,372,264
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,407,715
$2,011,197
-16%
Fees to Service Providers
$249,923
$258,100
+3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$113,106
$381,704
+237%
Interest
$9,091
$17,966
+98%
Depreciation
$19,468
$18,708
-4%
Other
$509,084
$1,248,766
+145%
Total Expenses
$3,308,387
$3,936,441
+19%
Net income
2023
2024
Change
Net income
-$22,876
-$564,177
-2366%
Functional Expenses
Summary
2023
2024
Change
Program
$2,461,892
$2,996,717
+22%
Admin
$846,495
$939,724
+11%
Fundraising
$0
$0
-
Total Expenses
$3,308,387
$3,936,441
+19%
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