Income Statement

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Revenues in 2024
$25,824,455
Program Services
75%
Investments
13%
Other
12%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$24,800,290
Interest
43%
Salaries & Benefits
27%
Other
24%
Depreciation
4%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$16,505,137
$19,428,663
+18%
Membership Dues
$0
$0
-
Investments
$2,485,952
$3,281,782
+32%
Other
$2,895,285
$3,114,010
+8%
Total Revenues
$21,886,374
$25,824,455
+18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,235,530
$6,591,687
+6%
Fees to Service Providers
$128,271
$178,832
+39%
Advertising & Promotion
$468,112
$362,267
-23%
Offices, Occupancy & IT
$79,069
$141,070
+78%
Interest
$7,400,063
$10,724,336
+45%
Depreciation
$222,887
$970,165
+335%
Other
$4,884,598
$5,831,933
+19%
Total Expenses
$19,418,530
$24,800,290
+28%
Net income
2023
2024
Change
Net income
+$2,467,844
+$1,024,165
-58%
Functional Expenses
Summary
2023
2024
Change
Program
$0
$0
-
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$19,418,530
$24,800,290
+28%