AFRICAN COMMUNITIES TOGETHER INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,454,229
Contributions
80%
Government Grants
20%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$6,555,121
Salaries & Benefits
65%
Other
13%
Fees to Service Providers
9%
Offices, Occupancy & IT
8%
Grants
4%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,781,737
$4,353,090
+56%
Government Grants
$343,812
$1,075,634
+213%
Fundraising Events
$17,992
$0
-100%
Program Services
$47,693
$25,505
-47%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$3,191,234
$5,454,229
+71%
Expenses
2023
2024
Change
Grants
$111,976
$261,938
+134%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,569,860
$4,253,492
+19%
Fees to Service Providers
$948,270
$612,634
-35%
Advertising & Promotion
$6,429
$6,843
+6%
Offices, Occupancy & IT
$299,169
$506,056
+69%
Interest
$0
$0
-
Depreciation
$24,697
$36,027
+46%
Other
$761,556
$878,131
+15%
Total Expenses
$5,721,957
$6,555,121
+15%
Net income
2023
2024
Change
Net income
-$2,530,723
-$1,100,892
+56%
Functional Expenses
Summary
2023
2024
Change
Program
$4,496,568
$5,267,167
+17%
Admin
$903,009
$955,275
+6%
Fundraising
$322,380
$332,679
+3%
Total Expenses
$5,721,957
$6,555,121
+15%
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