CEFS ECONOMIC OPPORTUNITY CORPORATION
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$23,424,938
Government Grants
95%
Program Services
3%
Contributions
1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$23,069,578
Grants
44%
Salaries & Benefits
43%
Other
8%
Offices, Occupancy & IT
3%
Depreciation
1%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$313,694
$306,539
-2%
Government Grants
$24,347,578
$22,240,671
-9%
Fundraising Events
$0
$0
-
Program Services
$691,968
$763,185
+10%
Membership Dues
$0
$0
-
Investments
$16,068
$22,543
+40%
Other
$60,441
$92,000
+52%
Total Revenues
$25,429,749
$23,424,938
-8%
Expenses
2023
2024
Change
Grants
$12,563,557
$10,100,043
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,468,441
$9,897,494
+5%
Fees to Service Providers
$197,927
$195,207
-1%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$741,169
$757,904
+2%
Interest
$0
$0
-
Depreciation
$239,667
$230,901
-4%
Other
$1,861,410
$1,888,029
+1%
Total Expenses
$25,072,171
$23,069,578
-8%
Net income
2023
2024
Change
Net income
+$357,578
+$355,360
-1%
Functional Expenses
Summary
2023
2024
Change
Program
$24,017,061
$21,881,763
-9%
Admin
$1,055,110
$1,187,815
+13%
Fundraising
$0
$0
-
Total Expenses
$25,072,171
$23,069,578
-8%
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