THE GIVING CLOSET PROJECT INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$1,885,576
Contributions
90%
Government Grants
9%
Fundraising Events
<1%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$1,752,672
Grants
83%
Fees to Service Providers
9%
Salaries & Benefits
5%
Other
2%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$414,061
$1,694,599
+309%
Government Grants
$48,732
$176,199
+262%
Fundraising Events
$6,457
$14,778
+129%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$469,250
$1,885,576
+302%
Expenses
2023
2024
Change
Grants
$310,586
$1,458,814
+370%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,737
$80,194
+124%
Fees to Service Providers
$106,107
$160,500
+51%
Advertising & Promotion
$902
$1,550
+72%
Offices, Occupancy & IT
$9,024
$8,809
-2%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$36,493
$42,805
+17%
Total Expenses
$498,849
$1,752,672
+251%
Net income
2023
2024
Change
Net income
-$29,599
+$132,904
-549%
Functional Expenses
Summary
2023
2024
Change
Program
$462,793
$1,693,900
+266%
Admin
$18,028
$29,386
+63%
Fundraising
$18,028
$29,386
+63%
Total Expenses
$498,849
$1,752,672
+251%
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