PHILLIS WHEATLEY ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$594,078
Contributions
44%
Other
33%
Fundraising Events
17%
Investments
4%
Program Services
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$525,447
Salaries & Benefits
33%
Depreciation
26%
Other
18%
Offices, Occupancy & IT
16%
Advertising & Promotion
5%
Fees to Service Providers
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$374,556
$262,898
-30%
Government Grants
$115,000
$0
-100%
Fundraising Events
$0
$99,829
-
Program Services
$0
$14,013
-
Membership Dues
$0
$0
-
Investments
$7,832
$22,461
+187%
Other
$215,522
$194,877
-10%
Total Revenues
$712,910
$594,078
-17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$189,072
$173,377
-8%
Fees to Service Providers
$26,202
$10,281
-61%
Advertising & Promotion
$1,357
$28,487
+1999%
Offices, Occupancy & IT
$52,047
$82,339
+58%
Interest
$2,260
$2,575
+14%
Depreciation
$123,372
$134,475
+9%
Other
$198,488
$93,913
-53%
Total Expenses
$592,798
$525,447
-11%
Net income
2023
2024
Change
Net income
+$120,112
+$68,631
-43%
Functional Expenses
Summary
2023
2024
Change
Program
$515,524
$440,232
-15%
Admin
$77,274
$85,215
+10%
Fundraising
$0
$0
-
Total Expenses
$592,798
$525,447
-11%
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