MY BROTHERS WORKSHOP INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,583,529
Government Grants
50%
Contributions
34%
Program Services
15%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,846,279
Salaries & Benefits
60%
Other
26%
Offices, Occupancy & IT
6%
Interest
4%
Depreciation
3%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$885,527
$881,510
0%
Government Grants
$1,560,000
$1,297,000
-17%
Fundraising Events
$0
$0
-
Program Services
$500,988
$397,995
-21%
Membership Dues
$0
$0
-
Investments
$15,961
$7,024
-56%
Other
$0
$0
-
Total Revenues
$2,962,476
$2,583,529
-13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,168,032
$1,116,050
-4%
Fees to Service Providers
$11,425
$16,930
+48%
Advertising & Promotion
$1,518
$926
-39%
Offices, Occupancy & IT
$108,484
$108,787
+0%
Interest
$68,030
$68,670
+1%
Depreciation
$58,204
$49,881
-14%
Other
$544,128
$485,035
-11%
Total Expenses
$1,959,821
$1,846,279
-6%
Net income
2023
2024
Change
Net income
+$1,002,655
+$737,250
-26%
Functional Expenses
Summary
2023
2024
Change
Program
$1,688,591
$1,463,727
-13%
Admin
$178,327
$247,313
+39%
Fundraising
$92,903
$135,239
+46%
Total Expenses
$1,959,821
$1,846,279
-6%
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