BLACK ECONOMIC COUNCIL OF MASSACHUSETTS INC
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$5,845,824
Contributions
N/A
Program Services
N/A
Government Grants
N/A
Membership Dues
N/A
Investments
N/A
Fundraising Events
N/A
Expenses in 2024
$5,249,760
Other
43%
Salaries & Benefits
43%
Grants
9%
Fees to Service Providers
3%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,630,958
$4,137,003
+14%
Government Grants
$0
$553,499
-
Fundraising Events
$0
$0
-
Program Services
$597,698
$962,194
+61%
Membership Dues
$123,991
$152,183
+23%
Investments
$8,125
$43,422
+434%
Other
$0
-$2,477
-
Total Revenues
$4,360,772
$5,845,824
+34%
Expenses
2023
2024
Change
Grants
$708,356
$447,431
-37%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,860,170
$2,237,247
+20%
Fees to Service Providers
$141,007
$175,252
+24%
Advertising & Promotion
$57,675
$40,341
-30%
Offices, Occupancy & IT
$78,815
$76,438
-3%
Interest
$2,395
$0
-100%
Depreciation
$0
$0
-
Other
$2,002,314
$2,273,051
+14%
Total Expenses
$4,850,732
$5,249,760
+8%
Net income
2023
2024
Change
Net income
-$489,960
+$596,064
-222%
Functional Expenses
Summary
2023
2024
Change
Program
$3,766,449
$3,839,193
+2%
Admin
$738,235
$846,663
+15%
Fundraising
$346,048
$563,904
+63%
Total Expenses
$4,850,732
$5,249,760
+8%
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