NEWCAP INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$15,400,226
Government Grants
96%
Program Services
3%
Other
1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$17,679,424
Salaries & Benefits
49%
Grants
23%
Offices, Occupancy & IT
15%
Other
6%
Fees to Service Providers
3%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,013
$29,008
+623%
Government Grants
$18,385,246
$14,753,650
-20%
Fundraising Events
$0
$0
-
Program Services
$857,639
$458,175
-47%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$7,370
$159,393
+2063%
Total Revenues
$19,254,268
$15,400,226
-20%
Expenses
2023
2024
Change
Grants
$6,511,583
$4,134,488
-37%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,794,135
$8,669,891
-1%
Fees to Service Providers
$494,690
$591,888
+20%
Advertising & Promotion
$61,371
$83,632
+36%
Offices, Occupancy & IT
$3,951,085
$2,636,142
-33%
Interest
$88,533
$134,777
+52%
Depreciation
$363,173
$410,910
+13%
Other
$1,027,379
$1,017,696
-1%
Total Expenses
$21,291,949
$17,679,424
-17%
Net income
2023
2024
Change
Net income
-$2,037,681
-$2,279,198
-12%
Functional Expenses
Summary
2023
2024
Change
Program
$19,504,314
$15,790,700
-19%
Admin
$1,787,635
$1,888,724
+6%
Fundraising
$0
$0
-
Total Expenses
$21,291,949
$17,679,424
-17%
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