Elevate Energy
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$60,915,201
Contributions
58%
Government Grants
23%
Program Services
18%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$57,878,205
Salaries & Benefits
51%
Fees to Service Providers
33%
Grants
6%
Other
5%
Offices, Occupancy & IT
4%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$22,647,909
$35,076,444
+55%
Government Grants
$15,362,596
$13,966,424
-9%
Fundraising Events
$0
$0
-
Program Services
$12,134,190
$11,049,919
-9%
Membership Dues
$0
$0
-
Investments
$433,820
$500,746
+15%
Other
$301,948
$321,668
+7%
Total Revenues
$50,880,463
$60,915,201
+20%
Expenses
2023
2024
Change
Grants
$5,675,540
$3,277,344
-42%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,220,390
$29,625,606
+22%
Fees to Service Providers
$12,572,697
$19,358,110
+54%
Advertising & Promotion
$98,275
$125,569
+28%
Offices, Occupancy & IT
$1,574,421
$2,459,259
+56%
Interest
$75
$1,288
+1617%
Depreciation
$105,432
$131,827
+25%
Other
$2,301,630
$2,899,202
+26%
Total Expenses
$46,548,460
$57,878,205
+24%
Net income
2023
2024
Change
Net income
+$4,332,003
+$3,036,996
-30%
Functional Expenses
Summary
2023
2024
Change
Program
$37,804,976
$47,541,612
+26%
Admin
$7,810,734
$8,987,995
+15%
Fundraising
$932,750
$1,348,598
+45%
Total Expenses
$46,548,460
$57,878,205
+24%
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