Grand Avenue Economic Community Dev
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,052,800
Program Services
62%
Government Grants
36%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$8,170,780
Offices, Occupancy & IT
29%
Salaries & Benefits
26%
Depreciation
20%
Other
18%
Fees to Service Providers
4%
Interest
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$368,069
$62,267
-83%
Government Grants
$3,412,592
$2,548,393
-25%
Fundraising Events
$0
$0
-
Program Services
$4,243,417
$4,381,631
+3%
Membership Dues
$0
$0
-
Investments
$33,429
$60,509
+81%
Other
$0
$0
-
Total Revenues
$8,057,507
$7,052,800
-12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,042,400
$2,083,911
+2%
Fees to Service Providers
$377,554
$340,821
-10%
Advertising & Promotion
$75,087
$18,037
-76%
Offices, Occupancy & IT
$2,232,615
$2,345,925
+5%
Interest
$271,827
$300,021
+10%
Depreciation
$1,416,566
$1,604,452
+13%
Other
$1,661,193
$1,477,613
-11%
Total Expenses
$8,077,242
$8,170,780
+1%
Net income
2023
2024
Change
Net income
-$19,735
-$1,117,980
-5565%
Functional Expenses
Summary
2023
2024
Change
Program
$7,303,145
$7,327,526
+0%
Admin
$699,010
$825,217
+18%
Fundraising
$75,087
$18,037
-76%
Total Expenses
$8,077,242
$8,170,780
+1%
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