VEAP Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$14,594,986
Contributions
84%
Government Grants
10%
Fundraising Events
2%
Other
2%
Program Services
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$14,965,133
Grants
76%
Salaries & Benefits
15%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Other
2%
Depreciation
1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,970,111
$12,280,310
-5%
Government Grants
$950,523
$1,514,180
+59%
Fundraising Events
$134,312
$329,835
+146%
Program Services
$109,118
$75,214
-31%
Membership Dues
$0
$0
-
Investments
$51,115
$66,578
+30%
Other
$394,788
$328,869
-17%
Total Revenues
$14,609,967
$14,594,986
0%
Expenses
2023
2024
Change
Grants
$11,114,278
$11,350,560
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,072,859
$2,231,180
+8%
Fees to Service Providers
$186,971
$317,864
+70%
Advertising & Promotion
$31,336
$46,101
+47%
Offices, Occupancy & IT
$525,254
$463,452
-12%
Interest
$140,123
$136,431
-3%
Depreciation
$171,271
$174,245
+2%
Other
$206,485
$245,300
+19%
Total Expenses
$14,448,577
$14,965,133
+4%
Net income
2023
2024
Change
Net income
+$161,390
-$370,147
-329%
Functional Expenses
Summary
2023
2024
Change
Program
$13,348,569
$13,754,741
+3%
Admin
$685,116
$695,868
+2%
Fundraising
$414,892
$514,524
+24%
Total Expenses
$14,448,577
$14,965,133
+4%
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