MAGIC CITY HARVEST INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,545,072
Contributions
96%
Other
4%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,573,475
Other
83%
Salaries & Benefits
14%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,579,432
$1,485,220
-6%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,510
$1,959
+30%
Other
$15,500
$57,893
+274%
Total Revenues
$1,596,442
$1,545,072
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$221,202
$218,855
-1%
Fees to Service Providers
$5,542
$7,000
+26%
Advertising & Promotion
$778
$11,816
+1419%
Offices, Occupancy & IT
$15,536
$14,956
-4%
Interest
$0
$0
-
Depreciation
$13,311
$13,847
+4%
Other
$1,263,150
$1,307,001
+3%
Total Expenses
$1,519,519
$1,573,475
+4%
Net income
2023
2024
Change
Net income
+$76,923
-$28,403
-137%
Functional Expenses
Summary
2023
2024
Change
Program
$1,417,848
$1,465,085
+3%
Admin
$101,671
$108,390
+7%
Fundraising
$0
$0
-
Total Expenses
$1,519,519
$1,573,475
+4%
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