MADISON PROJECT
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,075,856
Contributions
65%
Program Services
18%
Investments
10%
Government Grants
5%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,668,040
Salaries & Benefits
40%
Other
34%
Fees to Service Providers
16%
Advertising & Promotion
5%
Offices, Occupancy & IT
4%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,606,644
$2,667,148
-26%
Government Grants
$821,153
$191,382
-77%
Fundraising Events
$175,810
$0
-100%
Program Services
$1,053,297
$723,673
-31%
Membership Dues
$0
$0
-
Investments
$269,506
$412,945
+53%
Other
$96,945
$80,708
-17%
Total Revenues
$6,023,355
$4,075,856
-32%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,855,448
$1,888,561
+2%
Fees to Service Providers
$774,144
$743,807
-4%
Advertising & Promotion
$344,955
$246,321
-29%
Offices, Occupancy & IT
$174,817
$168,265
-4%
Interest
$0
$0
-
Depreciation
$25,794
$16,521
-36%
Other
$2,112,590
$1,604,565
-24%
Total Expenses
$5,287,748
$4,668,040
-12%
Net income
2023
2024
Change
Net income
+$735,607
-$592,184
-181%
Functional Expenses
Summary
2023
2024
Change
Program
$4,173,986
$3,474,471
-17%
Admin
$431,390
$576,326
+34%
Fundraising
$682,372
$617,243
-10%
Total Expenses
$5,287,748
$4,668,040
-12%
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