SOMOS MAYFAIR INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,821,343
Contributions
57%
Government Grants
38%
Fundraising Events
2%
Other
1%
Investments
<1%
Program Services
<1%
Membership Dues
0%
Expenses in 2024
$5,833,929
Salaries & Benefits
61%
Fees to Service Providers
28%
Offices, Occupancy & IT
5%
Other
5%
Depreciation
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,268,010
$3,331,983
+47%
Government Grants
$2,478,049
$2,221,595
-10%
Fundraising Events
$98,952
$121,856
+23%
Program Services
$16,640
$31,213
+88%
Membership Dues
$0
$0
-
Investments
$16,059
$48,685
+203%
Other
$51,492
$66,011
+28%
Total Revenues
$4,929,202
$5,821,343
+18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,038,401
$3,538,827
-12%
Fees to Service Providers
$2,420,069
$1,640,593
-32%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$352,157
$297,209
-16%
Interest
$0
$0
-
Depreciation
$61,063
$67,043
+10%
Other
$678,032
$290,257
-57%
Total Expenses
$7,549,722
$5,833,929
-23%
Net income
2023
2024
Change
Net income
-$2,620,520
-$12,586
+100%
Functional Expenses
Summary
2023
2024
Change
Program
$6,220,575
$4,598,649
-26%
Admin
$790,596
$882,799
+12%
Fundraising
$538,551
$352,481
-35%
Total Expenses
$7,549,722
$5,833,929
-23%
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