AFRICAN AMERICAN CULTURAL CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,768,484
Contributions
>99%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$420,101
Salaries & Benefits
32%
Other
30%
Offices, Occupancy & IT
20%
Fees to Service Providers
16%
Depreciation
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,081,100
$3,742,075
+246%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3,190
$26,409
+728%
Other
$0
$0
-
Total Revenues
$1,084,290
$3,768,484
+248%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$135,784
-
Fees to Service Providers
$11,413
$68,713
+502%
Advertising & Promotion
$7,270
$0
-100%
Offices, Occupancy & IT
$28,613
$82,820
+189%
Interest
$0
$0
-
Depreciation
$1,104
$8,443
+665%
Other
$9,600
$124,341
+1195%
Total Expenses
$58,000
$420,101
+624%
Net income
2023
2024
Change
Net income
+$1,026,290
+$3,348,383
+226%
Functional Expenses
Summary
2023
2024
Change
Program
$18,382
$73,765
+301%
Admin
$35,118
$169,261
+382%
Fundraising
$4,500
$177,075
+3835%
Total Expenses
$58,000
$420,101
+624%
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