IMPOWER INC

Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$10,555,427
Program Services
60%
Government Grants
34%
Contributions
5%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$10,406,872
Salaries & Benefits
77%
Other
16%
Offices, Occupancy & IT
4%
Depreciation
2%
Fees to Service Providers
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$494,725
$515,680
+4%
Government Grants
$3,615,416
$3,626,608
+0%
Fundraising Events
$0
$0
-
Program Services
$6,682,438
$6,291,051
-6%
Membership Dues
$0
$0
-
Investments
$25,335
$68,891
+172%
Other
$77,464
$53,197
-31%
Total Revenues
$10,895,378
$10,555,427
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,035,103
$7,985,131
-1%
Fees to Service Providers
$137,958
$161,771
+17%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$367,321
$372,239
+1%
Interest
$10,461
$10,265
-2%
Depreciation
$115,323
$208,201
+81%
Other
$1,690,864
$1,669,265
-1%
Total Expenses
$10,357,030
$10,406,872
+0%
Net income
2023
2024
Change
Net income
+$538,348
+$148,555
-72%
Functional Expenses
Summary
2023
2024
Change
Program
$9,383,853
$9,260,017
-1%
Admin
$973,177
$1,146,855
+18%
Fundraising
$0
$0
-
Total Expenses
$10,357,030
$10,406,872
+0%
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