THE GRACE CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,310,132
Contributions
42%
Other
27%
Fundraising Events
25%
Government Grants
4%
Investments
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,641,447
Salaries & Benefits
60%
Depreciation
12%
Other
12%
Offices, Occupancy & IT
11%
Fees to Service Providers
3%
Grants
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$910,171
$553,441
-39%
Government Grants
$0
$50,581
-
Fundraising Events
$474,191
$333,493
-30%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$32,817
$12,705
-61%
Other
$380,115
$359,912
-5%
Total Revenues
$1,797,294
$1,310,132
-27%
Expenses
2023
2024
Change
Grants
$21,075
$25,051
+19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$572,438
$984,320
+72%
Fees to Service Providers
$43,233
$44,950
+4%
Advertising & Promotion
$3,761
$2,727
-27%
Offices, Occupancy & IT
$130,423
$186,303
+43%
Interest
$369
$975
+164%
Depreciation
$72,066
$200,630
+178%
Other
$174,214
$196,491
+13%
Total Expenses
$1,017,579
$1,641,447
+61%
Net income
2023
2024
Change
Net income
+$779,715
-$331,315
-142%
Functional Expenses
Summary
2023
2024
Change
Program
$800,614
$1,296,941
+62%
Admin
$141,335
$208,770
+48%
Fundraising
$75,630
$135,736
+79%
Total Expenses
$1,017,579
$1,641,447
+61%
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