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ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION

ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION

ANNAPOLIS, MD, US
501(c)(3)
EIN
52-1810772
Regional Funder
funder logo

ANNE ARUNDEL ECONOMIC DEVELOPMENT CORPORATION

ANNAPOLIS, MD, US
501(c)(3)
EIN
52-1810772
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$4,386,829

Government Grants
88%
Program Services
10%
Investments
1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$4,463,024

Salaries & Benefits
57%
Grants
20%
Fees to Service Providers
9%
Other
8%
Advertising & Promotion
3%
Depreciation
1%
Offices, Occupancy & IT
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$3,175,468
$3,879,944
+22%
Fundraising Events
$0
$0
-
Program Services
$507,807
$450,979
-11%
Membership Dues
$0
$0
-
Investments
$6,445
$55,906
+767%
Other
$0
$0
-
Total Revenues
$3,689,720
$4,386,829
+19%
Expenses
2023
2024
Change
Grants
$356,683
$884,844
+148%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,401,699
$2,562,857
+7%
Fees to Service Providers
$375,446
$414,481
+10%
Advertising & Promotion
$117,223
$117,743
+0%
Offices, Occupancy & IT
$85,746
$46,224
-46%
Interest
$8,025
$15,250
+90%
Depreciation
$49,104
$64,176
+31%
Other
$328,463
$357,449
+9%
Total Expenses
$3,722,389
$4,463,024
+20%
Net income
2023
2024
Change
Net income
-$32,669
-$76,195
-133%
Functional Expenses
Summary
2023
2024
Change
Program
$2,586,218
$3,236,130
+25%
Admin
$1,136,171
$1,226,894
+8%
Fundraising
$0
$0
-
Total Expenses
$3,722,389
$4,463,024
+20%
Income Statement
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