Income Statement

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Revenues in 2024
$2,030,546
Program Services
85%
Government Grants
12%
Investments
2%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,652,350
Depreciation
38%
Salaries & Benefits
31%
Other
18%
Offices, Occupancy & IT
8%
Interest
5%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$154,930
$11,244
-93%
Government Grants
$0
$252,000
-
Fundraising Events
$0
$0
-
Program Services
$1,211,160
$1,727,937
+43%
Membership Dues
$0
$0
-
Investments
$351
$39,365
+11115%
Other
$31,013
$0
-100%
Total Revenues
$1,397,454
$2,030,546
+45%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$303,549
$515,593
+70%
Fees to Service Providers
$11,423
$11,571
+1%
Advertising & Promotion
$0
$330
-
Offices, Occupancy & IT
$39,634
$138,732
+250%
Interest
$94,361
$76,100
-19%
Depreciation
$501,314
$619,932
+24%
Other
$439,506
$290,092
-34%
Total Expenses
$1,389,787
$1,652,350
+19%
Net income
2023
2024
Change
Net income
+$7,667
+$378,196
+4833%
Functional Expenses
Summary
2023
2024
Change
Program
$1,192,439
$1,471,519
+23%
Admin
$189,302
$180,831
-4%
Fundraising
$8,046
$0
-100%
Total Expenses
$1,389,787
$1,652,350
+19%