OLEAN BUSINESS DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,752,532
Contributions
54%
Government Grants
27%
Program Services
10%
Other
7%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$919,728
Salaries & Benefits
42%
Other
20%
Offices, Occupancy & IT
13%
Grants
8%
Depreciation
7%
Fees to Service Providers
4%
Advertising & Promotion
4%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$219,724
$939,457
+328%
Government Grants
$429,810
$469,405
+9%
Fundraising Events
$0
$0
-
Program Services
$153,988
$179,760
+17%
Membership Dues
$0
$0
-
Investments
$7,775
$41,691
+436%
Other
$113,783
$122,219
+7%
Total Revenues
$925,080
$1,752,532
+89%
Expenses
2023
2024
Change
Grants
$140,228
$75,164
-46%
Benefits to Members
$0
$0
-
Salaries & Benefits
$265,810
$386,188
+45%
Fees to Service Providers
$23,827
$37,288
+56%
Advertising & Promotion
$23,447
$36,304
+55%
Offices, Occupancy & IT
$119,381
$115,029
-4%
Interest
$24,135
$22,959
-5%
Depreciation
$54,501
$60,703
+11%
Other
$182,908
$186,093
+2%
Total Expenses
$834,237
$919,728
+10%
Net income
2023
2024
Change
Net income
+$90,843
+$832,804
+817%
Functional Expenses
Summary
2023
2024
Change
Program
$688,383
$739,815
+7%
Admin
$145,854
$179,913
+23%
Fundraising
$0
$0
-
Total Expenses
$834,237
$919,728
+10%
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