BENEFICENT TECHNOLOGY INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,656,190
Government Grants
69%
Contributions
22%
Program Services
9%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$11,373,775
Salaries & Benefits
68%
Other
30%
Offices, Occupancy & IT
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,054,390
$2,723,546
+158%
Government Grants
$8,723,783
$8,750,223
+0%
Fundraising Events
$0
$0
-
Program Services
$1,089,769
$1,166,573
+7%
Membership Dues
$0
$0
-
Investments
$59,433
$15,848
-73%
Other
$0
$0
-
Total Revenues
$10,927,375
$12,656,190
+16%
Expenses
2023
2024
Change
Grants
$2,368,043
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,082,442
$7,732,023
-4%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$249,715
$229,853
-8%
Interest
$0
$0
-
Depreciation
$15,910
$16,091
+1%
Other
$3,322,013
$3,395,808
+2%
Total Expenses
$14,038,123
$11,373,775
-19%
Net income
2023
2024
Change
Net income
-$3,110,748
+$1,282,415
-141%
Functional Expenses
Summary
2023
2024
Change
Program
$11,572,732
$8,885,115
-23%
Admin
$2,200,547
$1,982,321
-10%
Fundraising
$264,844
$506,339
+91%
Total Expenses
$14,038,123
$11,373,775
-19%
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