PALMETTO PROJECT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,280,098
Contributions
61%
Program Services
32%
Government Grants
7%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,603,841
Salaries & Benefits
48%
Grants
24%
Other
13%
Offices, Occupancy & IT
7%
Fees to Service Providers
7%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,809,857
$1,388,802
-23%
Government Grants
$372,797
$159,659
-57%
Fundraising Events
$0
$0
-
Program Services
$765,024
$731,276
-4%
Membership Dues
$0
$0
-
Investments
$643
$361
-44%
Other
$0
$0
-
Total Revenues
$2,948,321
$2,280,098
-23%
Expenses
2023
2024
Change
Grants
$687,748
$631,916
-8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,068,650
$1,262,520
+18%
Fees to Service Providers
$80,920
$170,737
+111%
Advertising & Promotion
$109,281
$10,255
-91%
Offices, Occupancy & IT
$163,433
$178,517
+9%
Interest
$0
$2,282
-
Depreciation
$0
$0
-
Other
$413,583
$347,614
-16%
Total Expenses
$2,523,615
$2,603,841
+3%
Net income
2023
2024
Change
Net income
+$424,706
-$323,743
-176%
Functional Expenses
Summary
2023
2024
Change
Program
$2,270,836
$2,332,075
+3%
Admin
$204,347
$257,527
+26%
Fundraising
$48,432
$14,239
-71%
Total Expenses
$2,523,615
$2,603,841
+3%
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