The Ingenuity Project Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,275,902
Government Grants
60%
Contributions
34%
Other
4%
Investments
3%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,074,801
Salaries & Benefits
85%
Other
8%
Fees to Service Providers
3%
Offices, Occupancy & IT
3%
Grants
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,538,277
$428,423
-72%
Government Grants
$882,799
$763,008
-14%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$4,563
$32,088
+603%
Other
$19,200
$52,383
+173%
Total Revenues
$2,444,839
$1,275,902
-48%
Expenses
2023
2024
Change
Grants
$15,000
$15,000
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,591,544
$1,758,369
+10%
Fees to Service Providers
$63,483
$67,631
+7%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$8,495
$63,140
+643%
Interest
$0
$0
-
Depreciation
$5,158
$2,065
-60%
Other
$217,278
$168,596
-22%
Total Expenses
$1,900,958
$2,074,801
+9%
Net income
2023
2024
Change
Net income
+$543,881
-$798,899
-247%
Functional Expenses
Summary
2023
2024
Change
Program
$1,491,775
$1,652,342
+11%
Admin
$246,712
$250,670
+2%
Fundraising
$162,471
$171,789
+6%
Total Expenses
$1,900,958
$2,074,801
+9%
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