WOMEN'S BUSINESS DEVELOPMENT CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$64,780,073
Government Grants
91%
Contributions
5%
Program Services
3%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$63,424,693
Grants
82%
Fees to Service Providers
8%
Salaries & Benefits
7%
Offices, Occupancy & IT
1%
Other
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,851,904
$3,213,202
+13%
Government Grants
$9,918,727
$58,932,418
+494%
Fundraising Events
$0
$0
-
Program Services
$1,725,939
$1,959,901
+14%
Membership Dues
$0
$0
-
Investments
$407,192
$674,552
+66%
Other
$0
$0
-
Total Revenues
$14,903,762
$64,780,073
+335%
Expenses
2023
2024
Change
Grants
$2,445,962
$52,229,175
+2035%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,171,891
$4,745,983
+14%
Fees to Service Providers
$6,555,536
$5,309,325
-19%
Advertising & Promotion
$20,947
$10,470
-50%
Offices, Occupancy & IT
$748,321
$800,597
+7%
Interest
$0
$0
-
Depreciation
$37,814
$9,199
-76%
Other
$241,430
$319,944
+33%
Total Expenses
$14,221,901
$63,424,693
+346%
Net income
2023
2024
Change
Net income
+$681,861
+$1,355,380
+99%
Functional Expenses
Summary
2023
2024
Change
Program
$13,320,768
$61,810,409
+364%
Admin
$593,874
$1,332,773
+124%
Fundraising
$307,259
$281,511
-8%
Total Expenses
$14,221,901
$63,424,693
+346%
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