CONNECT TO COMPETE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,874,747
Contributions
95%
Investments
3%
Program Services
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,585,874
Salaries & Benefits
55%
Other
22%
Fees to Service Providers
10%
Offices, Occupancy & IT
8%
Grants
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,166,145
$1,780,518
-18%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$20,480
$31,000
+51%
Membership Dues
$0
$0
-
Investments
$26,050
$61,162
+135%
Other
$5,380
$2,067
-62%
Total Revenues
$2,218,055
$1,874,747
-15%
Expenses
2023
2024
Change
Grants
$0
$83,480
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,187,081
$1,427,476
+20%
Fees to Service Providers
$213,597
$270,045
+26%
Advertising & Promotion
$18,603
$4,144
-78%
Offices, Occupancy & IT
$63,469
$219,467
+246%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$370,141
$581,262
+57%
Total Expenses
$1,852,891
$2,585,874
+40%
Net income
2023
2024
Change
Net income
+$365,164
-$711,127
-295%
Functional Expenses
Summary
2023
2024
Change
Program
$1,525,503
$1,949,920
+28%
Admin
$144,321
$497,676
+245%
Fundraising
$183,067
$138,278
-24%
Total Expenses
$1,852,891
$2,585,874
+40%
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