THE MORGAN CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$472,075
Contributions
74%
Fundraising Events
26%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$463,779
Salaries & Benefits
59%
Other
37%
Offices, Occupancy & IT
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$342,600
$348,685
+2%
Government Grants
$0
$0
-
Fundraising Events
$18,734
$123,390
+559%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$68,812
$0
-100%
Total Revenues
$430,146
$472,075
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$251,500
$275,906
+10%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$4,249
$994
-77%
Offices, Occupancy & IT
$19,316
$11,382
-41%
Interest
$2,713
$4,136
+52%
Depreciation
$0
$0
-
Other
$156,406
$171,361
+10%
Total Expenses
$434,184
$463,779
+7%
Net income
2023
2024
Change
Net income
-$4,038
+$8,296
-305%
Functional Expenses
Summary
2023
2024
Change
Program
$310,674
$370,190
+19%
Admin
$56,580
$30,794
-46%
Fundraising
$66,930
$62,795
-6%
Total Expenses
$434,184
$463,779
+7%
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