INNER-CITY MUSLIM ACTION NETWORK
INNER-CITY MUSLIM ACTION NETWORK
INNER-CITY MUSLIM ACTION NETWORK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$18,475,567
Contributions
72%
Program Services
14%
Government Grants
8%
Other
5%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$18,915,530
Other
72%
Salaries & Benefits
15%
Offices, Occupancy & IT
6%
Fees to Service Providers
4%
Depreciation
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$10,226,780
$13,277,883
+30%
Government Grants
$2,282,383
$1,555,869
-32%
Fundraising Events
$0
$0
-
Program Services
$2,979,023
$2,677,849
-10%
Membership Dues
$0
$0
-
Investments
$16,244
$23,722
+46%
Other
$418,984
$940,244
+124%
Total Revenues
$15,923,414
$18,475,567
+16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,147,904
$2,798,434
-33%
Fees to Service Providers
$925,973
$739,741
-20%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,045,432
$1,117,118
+7%
Interest
$0
$0
-
Depreciation
$529,332
$601,210
+14%
Other
$11,028,045
$13,659,027
+24%
Total Expenses
$17,676,686
$18,915,530
+7%
Net income
2023
2024
Change
Net income
-$1,753,272
-$439,963
+75%
Functional Expenses
Summary
2023
2024
Change
Program
$11,716,419
$12,515,037
+7%
Admin
$5,481,208
$5,952,225
+9%
Fundraising
$479,059
$448,268
-6%
Total Expenses
$17,676,686
$18,915,530
+7%
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