COMMONLIT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$15,869,141
Program Services
57%
Contributions
34%
Government Grants
6%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$20,627,228
Salaries & Benefits
79%
Fees to Service Providers
9%
Offices, Occupancy & IT
9%
Other
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$7,212,310
$5,437,911
-25%
Government Grants
$992,017
$999,069
+1%
Fundraising Events
$0
$0
-
Program Services
$5,418,739
$9,097,709
+68%
Membership Dues
$0
$0
-
Investments
$233,352
$334,452
+43%
Other
$0
$0
-
Total Revenues
$13,856,418
$15,869,141
+15%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,843,361
$16,348,956
+27%
Fees to Service Providers
$1,879,544
$1,915,495
+2%
Advertising & Promotion
$61,884
$13,795
-78%
Offices, Occupancy & IT
$1,623,918
$1,857,715
+14%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$796,534
$491,267
-38%
Total Expenses
$17,205,241
$20,627,228
+20%
Net income
2023
2024
Change
Net income
-$3,348,823
-$4,758,087
-42%
Functional Expenses
Summary
2023
2024
Change
Program
$15,733,194
$17,702,343
+13%
Admin
$1,093,427
$2,401,261
+120%
Fundraising
$378,620
$523,624
+38%
Total Expenses
$17,205,241
$20,627,228
+20%
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