African Economic Development Solutions
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,189,587
Government Grants
65%
Contributions
30%
Program Services
4%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$2,292,377
Salaries & Benefits
51%
Other
24%
Fees to Service Providers
12%
Offices, Occupancy & IT
7%
Grants
3%
Depreciation
2%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,033,620
$1,580,623
-48%
Government Grants
$593,888
$3,360,997
+466%
Fundraising Events
$0
$0
-
Program Services
$231,646
$228,435
-1%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$8,981
$19,532
+117%
Total Revenues
$3,868,135
$5,189,587
+34%
Expenses
2023
2024
Change
Grants
$39,603
$66,024
+67%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,062,815
$1,165,818
+10%
Fees to Service Providers
$172,384
$267,902
+55%
Advertising & Promotion
$30,988
$29,948
-3%
Offices, Occupancy & IT
$121,885
$150,279
+23%
Interest
$17,963
$22,698
+26%
Depreciation
$15,425
$46,948
+204%
Other
$417,195
$542,760
+30%
Total Expenses
$1,878,258
$2,292,377
+22%
Net income
2023
2024
Change
Net income
+$1,989,877
+$2,897,210
+46%
Functional Expenses
Summary
2023
2024
Change
Program
$1,555,255
$1,915,864
+23%
Admin
$203,208
$225,153
+11%
Fundraising
$119,795
$151,360
+26%
Total Expenses
$1,878,258
$2,292,377
+22%
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