GLOBAL POVERTY PROJECT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$45,061,129
Contributions
94%
Program Services
6%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$48,124,568
Other
47%
Salaries & Benefits
31%
Fees to Service Providers
8%
Grants
6%
Depreciation
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$56,165,394
$42,137,944
-25%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$4,181,819
$2,819,221
-33%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$237,019
$103,964
-56%
Total Revenues
$60,584,232
$45,061,129
-26%
Expenses
2023
2024
Change
Grants
$3,669,002
$2,935,680
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,423,559
$14,768,777
+10%
Fees to Service Providers
$5,892,351
$4,019,074
-32%
Advertising & Promotion
$265,431
$107,901
-59%
Offices, Occupancy & IT
$1,654,622
$1,559,432
-6%
Interest
$0
$83,041
-
Depreciation
$1,856,340
$1,884,245
+2%
Other
$32,583,798
$22,766,418
-30%
Total Expenses
$59,345,103
$48,124,568
-19%
Net income
2023
2024
Change
Net income
+$1,239,129
-$3,063,439
-347%
Functional Expenses
Summary
2023
2024
Change
Program
$51,929,616
$41,302,452
-20%
Admin
$4,253,797
$4,261,358
+0%
Fundraising
$3,161,690
$2,560,758
-19%
Total Expenses
$59,345,103
$48,124,568
-19%
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