THE WORKS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,942,057
Contributions
72%
Government Grants
12%
Program Services
10%
Investments
3%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,370,489
Grants
54%
Salaries & Benefits
22%
Other
19%
Fees to Service Providers
4%
Depreciation
2%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$38,008,027
$9,310,948
-76%
Government Grants
$938,520
$1,598,880
+70%
Fundraising Events
$0
$0
-
Program Services
$850,886
$1,332,196
+57%
Membership Dues
$0
$0
-
Investments
$0
$386,903
-
Other
$417,116
$313,130
-25%
Total Revenues
$40,214,549
$12,942,057
-68%
Expenses
2023
2024
Change
Grants
$0
$7,170,010
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,328,187
$2,915,469
+25%
Fees to Service Providers
$131,591
$521,837
+297%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$48,351
$27,014
-44%
Depreciation
$192,003
$247,224
+29%
Other
$3,046,318
$2,488,935
-18%
Total Expenses
$5,746,450
$13,370,489
+133%
Net income
2023
2024
Change
Net income
+$34,468,099
-$428,432
-101%
Functional Expenses
Summary
2023
2024
Change
Program
$4,951,364
$12,391,763
+150%
Admin
$721,721
$892,121
+24%
Fundraising
$73,365
$86,605
+18%
Total Expenses
$5,746,450
$13,370,489
+133%
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