TURKISH AMERICAN COMMUNITY CENTER INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$4,470,607
Other
59%
Contributions
21%
Program Services
20%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2023
$6,555,143
Depreciation
44%
Grants
23%
Salaries & Benefits
13%
Other
9%
Offices, Occupancy & IT
8%
Fees to Service Providers
3%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2022
2023
Change
Contributions
$434,539
$920,425
+112%
Government Grants
$275,000
$25,000
-91%
Fundraising Events
$0
$0
-
Program Services
$690,642
$877,766
+27%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$1,257,468
$2,647,416
+111%
Total Revenues
$2,657,649
$4,470,607
+68%
Expenses
2022
2023
Change
Grants
$242,136
$1,505,399
+522%
Benefits to Members
$0
$0
-
Salaries & Benefits
$693,525
$846,208
+22%
Fees to Service Providers
$89,170
$189,916
+113%
Advertising & Promotion
$500
$0
-100%
Offices, Occupancy & IT
$409,263
$503,559
+23%
Interest
$0
$2,397
-
Depreciation
$2,878,556
$2,904,351
+1%
Other
$848,651
$603,313
-29%
Total Expenses
$5,161,801
$6,555,143
+27%
Net income
2022
2023
Change
Net income
-$2,504,152
-$2,084,536
+17%
Functional Expenses
Summary
2022
2023
Change
Program
$2,342,831
$1,161,740
-50%
Admin
$2,215,892
$1,161,740
-48%
Fundraising
$603,078
$580,871
-4%
Total Expenses
$5,161,801
$6,555,143
+27%
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