POWERSWITCH ACTION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,575,509
Contributions
98%
Investments
2%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$11,324,650
Grants
43%
Salaries & Benefits
38%
Fees to Service Providers
11%
Other
5%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$11,976,545
$12,271,227
+2%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$223,717
$109,373
-51%
Membership Dues
$0
$0
-
Investments
$160,550
$194,909
+21%
Other
$0
$0
-
Total Revenues
$12,360,812
$12,575,509
+2%
Expenses
2023
2024
Change
Grants
$5,171,656
$4,912,630
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,750,212
$4,249,232
+13%
Fees to Service Providers
$1,606,207
$1,293,139
-19%
Advertising & Promotion
$37,201
$36,982
-1%
Offices, Occupancy & IT
$179,151
$211,023
+18%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$574,845
$621,644
+8%
Total Expenses
$11,319,272
$11,324,650
+0%
Net income
2023
2024
Change
Net income
+$1,041,540
+$1,250,859
+20%
Functional Expenses
Summary
2023
2024
Change
Program
$10,072,050
$9,933,300
-1%
Admin
$778,837
$936,027
+20%
Fundraising
$468,385
$455,323
-3%
Total Expenses
$11,319,272
$11,324,650
+0%
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