NATIONAL ASSOCIATION OF WORKFORCE BOARDS
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$3,362,149
Program Services
79%
Government Grants
13%
Contributions
7%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,999,489
Other
35%
Salaries & Benefits
33%
Fees to Service Providers
23%
Offices, Occupancy & IT
8%
Advertising & Promotion
1%
Depreciation
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$57,079
$243,387
+326%
Government Grants
$304,478
$438,036
+44%
Fundraising Events
$0
$0
-
Program Services
$2,927,014
$2,668,223
-9%
Membership Dues
$0
$0
-
Investments
$3,102
$6,197
+100%
Other
$13,141
$6,306
-52%
Total Revenues
$3,304,814
$3,362,149
+2%
Expenses
2023
2024
Change
Grants
$0
$3,500
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,042,521
$1,312,620
+26%
Fees to Service Providers
$761,067
$900,861
+18%
Advertising & Promotion
$110,920
$52,284
-53%
Offices, Occupancy & IT
$296,770
$313,043
+5%
Interest
$0
$0
-
Depreciation
$5,727
$8,600
+50%
Other
$1,136,853
$1,408,581
+24%
Total Expenses
$3,353,858
$3,999,489
+19%
Net income
2023
2024
Change
Net income
-$49,044
-$637,340
-1200%
Functional Expenses
Summary
2023
2024
Change
Program
$2,627,073
$2,762,661
+5%
Admin
$683,321
$1,107,999
+62%
Fundraising
$43,464
$128,829
+196%
Total Expenses
$3,353,858
$3,999,489
+19%
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