VIRGINIA POVERTY LAW CENTER INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,873,034
Contributions
64%
Government Grants
35%
Investments
<1%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$6,559,083
Salaries & Benefits
60%
Other
35%
Offices, Occupancy & IT
5%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,848,068
$4,426,232
-24%
Government Grants
$143,902
$2,379,677
+1554%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$25,010
$53,150
+113%
Other
$94,378
$13,975
-85%
Total Revenues
$6,111,358
$6,873,034
+12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,567,322
$3,963,855
+11%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$285,359
$296,984
+4%
Interest
$0
$0
-
Depreciation
$19,334
$22,368
+16%
Other
$1,949,052
$2,275,876
+17%
Total Expenses
$5,821,067
$6,559,083
+13%
Net income
2023
2024
Change
Net income
+$290,291
+$313,951
+8%
Functional Expenses
Summary
2023
2024
Change
Program
$5,272,010
$5,993,412
+14%
Admin
$457,709
$457,709
+0%
Fundraising
$91,348
$107,962
+18%
Total Expenses
$5,821,067
$6,559,083
+13%
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