ADVANCE MEMPHIS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,379,102
Contributions
57%
Program Services
34%
Other
9%
Government Grants
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,311,410
Salaries & Benefits
70%
Other
19%
Depreciation
5%
Offices, Occupancy & IT
3%
Advertising & Promotion
1%
Fees to Service Providers
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,202,107
$1,360,749
+13%
Government Grants
$38,318
$6,000
-84%
Fundraising Events
$0
$0
-
Program Services
$1,161,695
$801,697
-31%
Membership Dues
$0
$0
-
Investments
$54
$97
+80%
Other
$287,868
$210,559
-27%
Total Revenues
$2,690,042
$2,379,102
-12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,840,008
$1,614,660
-12%
Fees to Service Providers
$18,588
$23,538
+27%
Advertising & Promotion
$13,561
$27,882
+106%
Offices, Occupancy & IT
$91,203
$76,138
-17%
Interest
$5,836
$7,200
+23%
Depreciation
$114,278
$120,185
+5%
Other
$702,539
$441,807
-37%
Total Expenses
$2,786,013
$2,311,410
-17%
Net income
2023
2024
Change
Net income
-$95,971
+$67,692
-171%
Functional Expenses
Summary
2023
2024
Change
Program
$2,235,068
$1,742,954
-22%
Admin
$375,039
$380,397
+1%
Fundraising
$175,906
$188,059
+7%
Total Expenses
$2,786,013
$2,311,410
-17%
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