Korean American Center
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$506,498
Program Services
52%
Contributions
47%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$564,022
Other
59%
Salaries & Benefits
23%
Fees to Service Providers
10%
Offices, Occupancy & IT
8%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$15,000
$240,364
+1502%
Government Grants
$367,986
$5,000
-99%
Fundraising Events
$0
$0
-
Program Services
$261,038
$261,134
+0%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$644,024
$506,498
-21%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$422,321
$129,068
-69%
Fees to Service Providers
$55,301
$56,858
+3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$28,600
$47,520
+66%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$46,304
$330,576
+614%
Total Expenses
$552,526
$564,022
+2%
Net income
2023
2024
Change
Net income
+$91,498
-$57,524
-163%
Functional Expenses
Summary
2023
2024
Change
Program
$552,526
$564,022
+2%
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$552,526
$564,022
+2%
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