HISPANIC AND IMMIGRANT CENTER OF ALABAMA
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,154,618
Government Grants
77%
Contributions
9%
Other
9%
Program Services
3%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,948,447
Salaries & Benefits
73%
Other
9%
Offices, Occupancy & IT
8%
Fees to Service Providers
7%
Grants
2%
Depreciation
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$306,256
$294,665
-4%
Government Grants
$2,010,278
$2,415,710
+20%
Fundraising Events
$280,338
$0
-100%
Program Services
$74,360
$84,495
+14%
Membership Dues
$0
$0
-
Investments
$27,984
$77,191
+176%
Other
$263,143
$282,557
+7%
Total Revenues
$2,962,359
$3,154,618
+6%
Expenses
2023
2024
Change
Grants
$146,052
$54,125
-63%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,950,732
$2,151,282
+10%
Fees to Service Providers
$216,210
$208,373
-4%
Advertising & Promotion
$0
$5,170
-
Offices, Occupancy & IT
$214,943
$236,215
+10%
Interest
$8,221
$8,077
-2%
Depreciation
$18,042
$18,042
+0%
Other
$218,434
$267,163
+22%
Total Expenses
$2,772,634
$2,948,447
+6%
Net income
2023
2024
Change
Net income
+$189,725
+$206,171
+9%
Functional Expenses
Summary
2023
2024
Change
Program
$2,248,686
$2,199,127
-2%
Admin
$332,997
$386,565
+16%
Fundraising
$190,951
$362,755
+90%
Total Expenses
$2,772,634
$2,948,447
+6%
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