LATIN AMERICAN ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,588,114
Contributions
36%
Government Grants
22%
Other
20%
Program Services
17%
Investments
5%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,708,396
Salaries & Benefits
64%
Offices, Occupancy & IT
11%
Fees to Service Providers
8%
Grants
7%
Other
5%
Depreciation
4%
Advertising & Promotion
2%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,458,360
$2,402,606
-31%
Government Grants
$1,495,202
$1,450,983
-3%
Fundraising Events
$0
$0
-
Program Services
$1,011,684
$1,105,939
+9%
Membership Dues
$0
$0
-
Investments
$183,418
$314,845
+72%
Other
$158,125
$1,313,741
+731%
Total Revenues
$6,306,789
$6,588,114
+4%
Expenses
2023
2024
Change
Grants
$645,371
$474,363
-26%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,820,210
$4,286,103
+12%
Fees to Service Providers
$651,099
$538,923
-17%
Advertising & Promotion
$111,045
$133,984
+21%
Offices, Occupancy & IT
$532,153
$710,545
+34%
Interest
$0
$0
-
Depreciation
$232,800
$243,486
+5%
Other
$331,395
$320,992
-3%
Total Expenses
$6,324,073
$6,708,396
+6%
Net income
2023
2024
Change
Net income
-$17,284
-$120,282
-596%
Functional Expenses
Summary
2023
2024
Change
Program
$4,923,038
$5,445,700
+11%
Admin
$649,602
$583,962
-10%
Fundraising
$751,433
$678,734
-10%
Total Expenses
$6,324,073
$6,708,396
+6%
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