CENTER FOR INNOVATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,637,394
Program Services
>99%
Contributions
<1%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,211,865
Salaries & Benefits
53%
Fees to Service Providers
23%
Other
18%
Offices, Occupancy & IT
6%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$620,500
$11,500
-98%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,783,834
$1,624,005
-9%
Membership Dues
$0
$0
-
Investments
$16,960
$15
-100%
Other
$1,208
$1,874
+55%
Total Revenues
$2,422,502
$1,637,394
-32%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,176,042
$1,163,794
-1%
Fees to Service Providers
$390,402
$508,993
+30%
Advertising & Promotion
$0
$4,978
-
Offices, Occupancy & IT
$204,066
$121,684
-40%
Interest
$0
$0
-
Depreciation
$13,678
$10,199
-25%
Other
$314,700
$402,217
+28%
Total Expenses
$2,098,888
$2,211,865
+5%
Net income
2023
2024
Change
Net income
+$323,614
-$574,471
-278%
Functional Expenses
Summary
2023
2024
Change
Program
$1,429,172
$1,529,642
+7%
Admin
$657,259
$483,797
-26%
Fundraising
$12,457
$198,426
+1493%
Total Expenses
$2,098,888
$2,211,865
+5%
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