ABILITY CONNECTION TEXAS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,769,564
Government Grants
78%
Program Services
9%
Contributions
9%
Other
2%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$14,210,165
Salaries & Benefits
43%
Fees to Service Providers
42%
Offices, Occupancy & IT
7%
Other
7%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$628,487
$1,166,173
+86%
Government Grants
$9,227,651
$10,023,997
+9%
Fundraising Events
$216,110
$126,986
-41%
Program Services
$2,321,215
$1,170,426
-50%
Membership Dues
$0
$0
-
Investments
$15,852
$3,621
-77%
Other
$75,178
$278,361
+270%
Total Revenues
$12,484,493
$12,769,564
+2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,823,962
$6,140,744
+5%
Fees to Service Providers
$6,952,716
$5,985,358
-14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$773,594
$993,535
+28%
Interest
$0
$0
-
Depreciation
$118,647
$138,814
+17%
Other
$835,284
$951,714
+14%
Total Expenses
$14,504,203
$14,210,165
-2%
Net income
2023
2024
Change
Net income
-$2,019,710
-$1,440,601
+29%
Functional Expenses
Summary
2023
2024
Change
Program
$12,380,925
$12,025,402
-3%
Admin
$1,752,713
$1,812,773
+3%
Fundraising
$370,565
$371,990
+0%
Total Expenses
$14,504,203
$14,210,165
-2%
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