Give Merit Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,141,177
Government Grants
97%
Contributions
3%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,603,143
Salaries & Benefits
52%
Fees to Service Providers
24%
Other
21%
Offices, Occupancy & IT
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,841,134
$87,500
-95%
Government Grants
$16,000
$3,045,959
+18937%
Fundraising Events
$0
$0
-
Program Services
$63,500
$0
-100%
Membership Dues
$0
$0
-
Investments
-$17,727
$7,718
-144%
Other
$79,533
$0
-100%
Total Revenues
$1,982,440
$3,141,177
+58%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$749,282
$1,346,108
+80%
Fees to Service Providers
$343,531
$624,877
+82%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$18,710
$57,000
+205%
Interest
$0
$0
-
Depreciation
$16,894
$25,277
+50%
Other
$429,052
$549,881
+28%
Total Expenses
$1,557,469
$2,603,143
+67%
Net income
2023
2024
Change
Net income
+$424,971
+$538,034
+27%
Functional Expenses
Summary
2023
2024
Change
Program
$1,073,645
$681,395
-37%
Admin
$415,497
$1,742,766
+319%
Fundraising
$68,327
$178,982
+162%
Total Expenses
$1,557,469
$2,603,143
+67%
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