CONNECTED NATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,932,625
Government Grants
49%
Contributions
34%
Program Services
13%
Investments
4%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$10,495,007
Salaries & Benefits
67%
Fees to Service Providers
22%
Offices, Occupancy & IT
6%
Other
2%
Grants
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$498,204
$2,710,926
+444%
Government Grants
$8,640,929
$3,897,898
-55%
Fundraising Events
$0
$0
-
Program Services
$3,979,766
$1,017,721
-74%
Membership Dues
$0
$0
-
Investments
$237,107
$306,080
+29%
Other
$0
$0
-
Total Revenues
$13,356,006
$7,932,625
-41%
Expenses
2023
2024
Change
Grants
$0
$110,580
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,569,946
$7,079,445
+27%
Fees to Service Providers
$5,551,044
$2,339,657
-58%
Advertising & Promotion
$83,076
$63,477
-24%
Offices, Occupancy & IT
$797,969
$665,625
-17%
Interest
$0
$0
-
Depreciation
$35,275
$53,510
+52%
Other
$1,227,529
$182,713
-85%
Total Expenses
$13,264,839
$10,495,007
-21%
Net income
2023
2024
Change
Net income
+$91,167
-$2,562,382
-2911%
Functional Expenses
Summary
2023
2024
Change
Program
$12,617,311
$9,602,896
-24%
Admin
$423,343
$470,636
+11%
Fundraising
$224,185
$421,475
+88%
Total Expenses
$13,264,839
$10,495,007
-21%
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