BRIGHT PROSPECT
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,788,092
Government Grants
74%
Contributions
23%
Investments
3%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,923,981
Salaries & Benefits
62%
Other
14%
Grants
9%
Offices, Occupancy & IT
8%
Fees to Service Providers
4%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,205,599
$408,975
-66%
Government Grants
$1,528,930
$1,321,480
-14%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$34,253
$55,761
+63%
Other
$3,857
$1,876
-51%
Total Revenues
$2,772,639
$1,788,092
-36%
Expenses
2023
2024
Change
Grants
$181,000
$172,500
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,392,931
$1,201,152
-14%
Fees to Service Providers
$202,431
$77,212
-62%
Advertising & Promotion
$13,085
$8,892
-32%
Offices, Occupancy & IT
$147,842
$150,336
+2%
Interest
$1,392
$3,861
+177%
Depreciation
$29,428
$34,738
+18%
Other
$238,208
$275,290
+16%
Total Expenses
$2,206,317
$1,923,981
-13%
Net income
2023
2024
Change
Net income
+$566,322
-$135,889
-124%
Functional Expenses
Summary
2023
2024
Change
Program
$1,828,009
$1,596,115
-13%
Admin
$355,056
$313,586
-12%
Fundraising
$23,252
$14,280
-39%
Total Expenses
$2,206,317
$1,923,981
-13%
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