GREATER WINSTON-SALEM DEVELOPMENT CORP
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$818,444
Government Grants
37%
Other
35%
Contributions
20%
Investments
8%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,028,564
Salaries & Benefits
62%
Grants
14%
Other
12%
Advertising & Promotion
5%
Offices, Occupancy & IT
5%
Fees to Service Providers
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,017,000
$161,498
-84%
Government Grants
$270,000
$301,874
+12%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$47,676
$68,698
+44%
Other
$285,811
$286,374
+0%
Total Revenues
$1,620,487
$818,444
-49%
Expenses
2023
2024
Change
Grants
$50,000
$145,000
+190%
Benefits to Members
$0
$0
-
Salaries & Benefits
$652,188
$633,837
-3%
Fees to Service Providers
$12,250
$15,306
+25%
Advertising & Promotion
$22,366
$54,975
+146%
Offices, Occupancy & IT
$35,439
$51,283
+45%
Interest
$0
$0
-
Depreciation
$4,849
$3,543
-27%
Other
$132,384
$124,620
-6%
Total Expenses
$909,476
$1,028,564
+13%
Net income
2023
2024
Change
Net income
+$711,011
-$210,120
-130%
Functional Expenses
Summary
2023
2024
Change
Program
$692,837
$790,198
+14%
Admin
$216,639
$238,366
+10%
Fundraising
$0
$0
-
Total Expenses
$909,476
$1,028,564
+13%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)