Income Statement

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Revenues in 2024
$24,885,510
Program Services
55%
Government Grants
37%
Other
6%
Investments
2%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,853,356
Depreciation
36%
Other
29%
Salaries & Benefits
26%
Interest
6%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$3,041,096
$9,202,061
+203%
Fundraising Events
$0
$0
-
Program Services
$8,797,856
$13,731,637
+56%
Membership Dues
$0
$0
-
Investments
$251,074
$463,352
+85%
Other
$390,459
$1,488,460
+281%
Total Revenues
$12,480,485
$24,885,510
+99%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,839,246
$1,790,007
-3%
Fees to Service Providers
$166,637
$150,900
-9%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$35,998
$34,927
-3%
Interest
$609,605
$431,452
-29%
Depreciation
$2,380,688
$2,435,942
+2%
Other
$1,912,589
$2,010,128
+5%
Total Expenses
$6,944,763
$6,853,356
-1%
Net income
2023
2024
Change
Net income
+$5,535,722
+$18,032,154
+226%
Functional Expenses
Summary
2023
2024
Change
Program
$0
$0
-
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$6,944,763
$6,853,356
-1%