ASIAN COMMUNITY AND CULTURAL CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,652,040
Government Grants
57%
Contributions
35%
Investments
3%
Fundraising Events
2%
Program Services
2%
Other
1%
Membership Dues
0%
Expenses in 2024
$1,733,067
Salaries & Benefits
74%
Fees to Service Providers
12%
Other
8%
Offices, Occupancy & IT
4%
Depreciation
1%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,046,611
$582,198
-44%
Government Grants
$566,341
$936,509
+65%
Fundraising Events
$16,309
$33,750
+107%
Program Services
$10,833
$31,669
+192%
Membership Dues
$0
$0
-
Investments
$14,134
$45,699
+223%
Other
$8,642
$22,215
+157%
Total Revenues
$1,662,870
$1,652,040
-1%
Expenses
2023
2024
Change
Grants
$5,050
$8,753
+73%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,325,227
$1,288,725
-3%
Fees to Service Providers
$97,101
$213,784
+120%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$56,222
$60,698
+8%
Interest
$0
$0
-
Depreciation
$18,543
$18,908
+2%
Other
$132,469
$142,199
+7%
Total Expenses
$1,634,612
$1,733,067
+6%
Net income
2023
2024
Change
Net income
+$28,258
-$81,027
-387%
Functional Expenses
Summary
2023
2024
Change
Program
$1,369,158
$1,207,919
-12%
Admin
$237,431
$471,454
+99%
Fundraising
$28,023
$53,694
+92%
Total Expenses
$1,634,612
$1,733,067
+6%
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