THE AMAAD INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,129,024
Government Grants
53%
Contributions
46%
Program Services
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$5,011,141
Salaries & Benefits
56%
Other
28%
Offices, Occupancy & IT
13%
Fees to Service Providers
1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,758,197
$2,346,334
+33%
Government Grants
$2,368,013
$2,733,916
+15%
Fundraising Events
$0
$0
-
Program Services
$0
$43,197
-
Membership Dues
$0
$0
-
Investments
$0
$5,577
-
Other
$0
$0
-
Total Revenues
$4,126,210
$5,129,024
+24%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,498,604
$2,819,793
+13%
Fees to Service Providers
$73,250
$75,000
+2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$250,381
$663,028
+165%
Interest
$0
$11,520
-
Depreciation
$16,185
$19,373
+20%
Other
$1,312,174
$1,422,427
+8%
Total Expenses
$4,150,594
$5,011,141
+21%
Net income
2023
2024
Change
Net income
-$24,384
+$117,883
-583%
Functional Expenses
Summary
2023
2024
Change
Program
$3,119,656
$3,510,770
+13%
Admin
$1,030,938
$1,500,371
+46%
Fundraising
$0
$0
-
Total Expenses
$4,150,594
$5,011,141
+21%
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