ACCESS TO CAPITAL FOR ENTREPRENEURS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$25,034,907
Contributions
43%
Program Services
40%
Investments
8%
Government Grants
8%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$15,384,994
Salaries & Benefits
37%
Other
32%
Interest
13%
Fees to Service Providers
12%
Offices, Occupancy & IT
6%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$13,341,511
$10,818,846
-19%
Government Grants
$5,107,071
$2,006,441
-61%
Fundraising Events
$0
$0
-
Program Services
$7,128,634
$10,096,948
+42%
Membership Dues
$0
$0
-
Investments
$1,410,191
$2,112,672
+50%
Other
$0
$0
-
Total Revenues
$26,987,407
$25,034,907
-7%
Expenses
2023
2024
Change
Grants
$4,000
$4,000
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,046,072
$5,707,150
+13%
Fees to Service Providers
$931,526
$1,907,927
+105%
Advertising & Promotion
$17,468
$19,127
+9%
Offices, Occupancy & IT
$772,548
$895,265
+16%
Interest
$1,483,516
$1,932,749
+30%
Depreciation
$20,075
$18,857
-6%
Other
$5,453,881
$4,899,919
-10%
Total Expenses
$13,729,086
$15,384,994
+12%
Net income
2023
2024
Change
Net income
+$13,258,321
+$9,649,913
-27%
Functional Expenses
Summary
2023
2024
Change
Program
$11,172,390
$12,105,316
+8%
Admin
$1,917,896
$2,591,083
+35%
Fundraising
$638,800
$688,595
+8%
Total Expenses
$13,729,086
$15,384,994
+12%
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