funder logo

South Carolina Association for Community Economic Development

South Carolina Association for Community Economic Development

Charleston, SC, US
501(c)3
EIN
56-2049813
Regional Funder
funder logo

South Carolina Association for Community Economic Development

Charleston, SC, US
501(c)3
EIN
56-2049813
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$2,063,331

Contributions
47%
Government Grants
37%
Program Services
11%
Membership Dues
2%
Investments
2%
Other
1%
Fundraising Events
0%
Expenses in 2024

$2,624,764

Salaries & Benefits
35%
Grants
25%
Fees to Service Providers
17%
Other
15%
Offices, Occupancy & IT
7%
Advertising & Promotion
<1%
Interest
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,848,075
$961,129
-48%
Government Grants
$1,864,594
$755,744
-59%
Fundraising Events
$0
$0
-
Program Services
$323,917
$232,556
-28%
Membership Dues
$49,575
$50,475
+2%
Investments
$1
$42,419
+4241800%
Other
$120
$21,008
+17407%
Total Revenues
$4,086,282
$2,063,331
-50%
Expenses
2023
2024
Change
Grants
$1,730,853
$659,041
-62%
Benefits to Members
$0
$0
-
Salaries & Benefits
$932,324
$916,670
-2%
Fees to Service Providers
$201,342
$435,284
+116%
Advertising & Promotion
$27,463
$25,058
-9%
Offices, Occupancy & IT
$182,518
$177,693
-3%
Interest
$0
$5,167
-
Depreciation
$784
$3,733
+376%
Other
$342,822
$402,118
+17%
Total Expenses
$3,418,106
$2,624,764
-23%
Net income
2023
2024
Change
Net income
+$668,176
-$561,433
-184%
Functional Expenses
Summary
2023
2024
Change
Program
$3,150,654
$2,116,938
-33%
Admin
$209,577
$432,267
+106%
Fundraising
$57,875
$75,559
+31%
Total Expenses
$3,418,106
$2,624,764
-23%
Income Statement
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