RED WING DOWNTOWN MAIN STREET
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$257,455
Government Grants
64%
Program Services
24%
Membership Dues
10%
Other
3%
Contributions
0%
Fundraising Events
0%
Investments
0%
Expenses in 2024
$278,327
Fees to Service Providers
55%
Other
36%
Offices, Occupancy & IT
8%
Advertising & Promotion
1%
Salaries & Benefits
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,233
$0
-100%
Government Grants
$108,000
$163,743
+52%
Fundraising Events
$0
$0
-
Program Services
$43,480
$61,222
+41%
Membership Dues
$21,308
$25,773
+21%
Investments
$0
$0
-
Other
$0
$6,717
-
Total Revenues
$174,021
$257,455
+48%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,537
$1,219
-21%
Fees to Service Providers
$152,846
$152,796
0%
Advertising & Promotion
$4,484
$3,655
-18%
Offices, Occupancy & IT
$29,390
$20,931
-29%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$63,341
$99,726
+57%
Total Expenses
$251,598
$278,327
+11%
Net income
2023
2024
Change
Net income
-$77,577
-$20,872
+73%
Functional Expenses
Summary
2023
2024
Change
Program
$172,448
$198,776
+15%
Admin
$63,865
$64,271
+1%
Fundraising
$15,285
$15,280
0%
Total Expenses
$251,598
$278,327
+11%
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