THE ACCELERATION PROJECT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,641,172
Contributions
46%
Program Services
33%
Fundraising Events
16%
Investments
4%
Government Grants
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$2,150,287
Salaries & Benefits
80%
Other
9%
Fees to Service Providers
8%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$860,669
$1,218,931
+42%
Government Grants
$40,500
$7,000
-83%
Fundraising Events
$544,472
$430,350
-21%
Program Services
$704,003
$867,178
+23%
Membership Dues
$0
$0
-
Investments
$71,683
$112,584
+57%
Other
$104
$5,129
+4832%
Total Revenues
$2,221,431
$2,641,172
+19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,490,643
$1,721,258
+15%
Fees to Service Providers
$84,964
$167,762
+97%
Advertising & Promotion
$28,051
$15,685
-44%
Offices, Occupancy & IT
$66,015
$42,124
-36%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$69,071
$203,458
+195%
Total Expenses
$1,738,744
$2,150,287
+24%
Net income
2023
2024
Change
Net income
+$482,687
+$490,885
+2%
Functional Expenses
Summary
2023
2024
Change
Program
$1,080,022
$1,315,957
+22%
Admin
$275,923
$385,606
+40%
Fundraising
$382,799
$448,724
+17%
Total Expenses
$1,738,744
$2,150,287
+24%
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