HOOSIER UPLANDS ECONOMIC DEVELOPMENT CORPORATION

HOOSIER UPLANDS ECONOMIC DEVELOPMENT CORPORATION

Mitchell, IN, US
501(c)3
EIN
35-1115492

HOOSIER UPLANDS ECONOMIC DEVELOPMENT CORPORATION

Mitchell, IN, US
501(c)3
EIN
35-1115492

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$20,448,870

Government Grants
60%
Program Services
36%
Other
3%
Investments
2%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$23,166,365

Salaries & Benefits
49%
Other
34%
Offices, Occupancy & IT
6%
Fees to Service Providers
6%
Depreciation
3%
Grants
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,956
$37,812
+153%
Government Grants
$13,535,204
$12,210,940
-10%
Fundraising Events
$0
$0
-
Program Services
$6,150,926
$7,269,788
+18%
Membership Dues
$0
$0
-
Investments
$530,416
$312,336
-41%
Other
-$249,112
$617,994
-348%
Total Revenues
$19,982,390
$20,448,870
+2%
Expenses
2023
2024
Change
Grants
$335,822
$191,412
-43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,489,060
$11,434,651
0%
Fees to Service Providers
$1,261,649
$1,327,712
+5%
Advertising & Promotion
$87,965
$108,003
+23%
Offices, Occupancy & IT
$1,513,516
$1,498,052
-1%
Interest
$100,037
$78,835
-21%
Depreciation
$695,411
$662,269
-5%
Other
$5,537,476
$7,865,431
+42%
Total Expenses
$21,020,936
$23,166,365
+10%
Net income
2023
2024
Change
Net income
-$1,038,546
-$2,717,495
-162%
Functional Expenses
Summary
2023
2024
Change
Program
$19,980,296
$22,108,939
+11%
Admin
$1,040,640
$1,057,426
+2%
Fundraising
$0
$0
-
Total Expenses
$21,020,936
$23,166,365
+10%
Income Statement
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