AVENUE COMMUNITY DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$15,106,297
Program Services
37%
Other
31%
Contributions
18%
Government Grants
11%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$16,474,178
Other
34%
Salaries & Benefits
21%
Interest
18%
Depreciation
9%
Fees to Service Providers
8%
Offices, Occupancy & IT
8%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,389,704
$2,665,605
+12%
Government Grants
$744,590
$1,708,013
+129%
Fundraising Events
$0
$119,593
-
Program Services
$7,733,258
$5,663,950
-27%
Membership Dues
$0
$0
-
Investments
$89,841
$192,550
+114%
Other
$6,709
$4,756,586
+70799%
Total Revenues
$10,964,102
$15,106,297
+38%
Expenses
2023
2024
Change
Grants
$756,617
$119,668
-84%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,124,918
$3,530,244
-14%
Fees to Service Providers
$550,158
$1,383,535
+151%
Advertising & Promotion
$48,895
$24,484
-50%
Offices, Occupancy & IT
$3,469,524
$1,335,017
-62%
Interest
$2,006,093
$2,958,763
+47%
Depreciation
$1,713,841
$1,558,527
-9%
Other
$1,236,514
$5,563,940
+350%
Total Expenses
$13,906,560
$16,474,178
+18%
Net income
2023
2024
Change
Net income
-$2,942,458
-$1,367,881
+54%
Functional Expenses
Summary
2023
2024
Change
Program
$12,151,322
$14,970,420
+23%
Admin
$1,179,835
$1,008,756
-15%
Fundraising
$575,403
$495,002
-14%
Total Expenses
$13,906,560
$16,474,178
+18%
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