Income Statement

Fiscal Year: 2023
Jul 1, 2022 – Jun 30, 2023
Revenues in 2023
$4,106,614
Government Grants
86%
Investments
14%
Contributions
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2023
$2,789,724
Interest
85%
Salaries & Benefits
9%
Other
4%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2022
2023
Change
Contributions
$0
$0
-
Government Grants
$3,839,276
$3,541,612
-8%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$410,190
$565,002
+38%
Other
$0
$0
-
Total Revenues
$4,249,466
$4,106,614
-3%
Expenses
2022
2023
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$290,476
$264,932
-9%
Fees to Service Providers
$71,823
$45,175
-37%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,575
$522
-67%
Interest
$2,526,000
$2,367,250
-6%
Depreciation
$0
$0
-
Other
$211,742
$111,845
-47%
Total Expenses
$3,101,616
$2,789,724
-10%
Net income
2022
2023
Change
Net income
+$1,147,850
+$1,316,890
+15%
Functional Expenses
Summary
2022
2023
Change
Program
$3,101,616
$2,789,724
-10%
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$3,101,616
$2,789,724
-10%