CULTURAL WELLNESS CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,676,218
Contributions
75%
Government Grants
22%
Other
1%
Investments
1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,902,080
Salaries & Benefits
46%
Other
24%
Fees to Service Providers
24%
Offices, Occupancy & IT
4%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,993,001
$2,014,113
-71%
Government Grants
$599,986
$584,648
-3%
Fundraising Events
$0
$0
-
Program Services
$7,432
$6,842
-8%
Membership Dues
$0
$0
-
Investments
$967
$32,800
+3292%
Other
$34,008
$37,815
+11%
Total Revenues
$7,635,394
$2,676,218
-65%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,326,723
$2,259,548
+70%
Fees to Service Providers
$1,214,497
$1,190,178
-2%
Advertising & Promotion
$29,824
$18,918
-37%
Offices, Occupancy & IT
$138,502
$194,913
+41%
Interest
$248
$0
-100%
Depreciation
$48,000
$48,000
+0%
Other
$688,522
$1,190,523
+73%
Total Expenses
$3,446,316
$4,902,080
+42%
Net income
2023
2024
Change
Net income
+$4,189,078
-$2,225,862
-153%
Functional Expenses
Summary
2023
2024
Change
Program
$2,937,950
$4,173,476
+42%
Admin
$291,070
$317,263
+9%
Fundraising
$217,296
$411,341
+89%
Total Expenses
$3,446,316
$4,902,080
+42%
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