Income Statement

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Revenues in 2024
$143,390,829
Program Services
74%
Government Grants
24%
Investments
3%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$78,421,604
Salaries & Benefits
48%
Fees to Service Providers
42%
Grants
8%
Offices, Occupancy & IT
2%
Other
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$31,645,969
$33,919,247
+7%
Fundraising Events
$0
$0
-
Program Services
$14,669,479
$105,702,271
+621%
Membership Dues
$0
$0
-
Investments
$1,172,810
$3,757,597
+220%
Other
$2,694
$11,714
+335%
Total Revenues
$47,490,952
$143,390,829
+202%
Expenses
2023
2024
Change
Grants
$6,073,894
$6,102,967
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,789,871
$37,517,891
+51%
Fees to Service Providers
$17,142,370
$33,185,452
+94%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,215,282
$1,425,804
+17%
Interest
$0
$0
-
Depreciation
$7,914
$11,609
+47%
Other
$123,086
$177,881
+45%
Total Expenses
$49,352,417
$78,421,604
+59%
Net income
2023
2024
Change
Net income
-$1,861,465
+$64,969,225
-3590%
Functional Expenses
Summary
2023
2024
Change
Program
$41,809,747
$63,881,906
+53%
Admin
$7,542,670
$14,539,698
+93%
Fundraising
$0
$0
-
Total Expenses
$49,352,417
$78,421,604
+59%