Income Statement

Fiscal Year: 2024
Revenues in 2024
$195,531,199
Government Grants
96%
Investments
2%
Contributions
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$212,790,245
Fees to Service Providers
94%
Other
6%
Salaries & Benefits
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,590,461
$3,841,150
+48%
Government Grants
$100,099,094
$187,076,422
+87%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,145,958
$4,613,627
+115%
Other
$0
$0
-
Total Revenues
$104,835,513
$195,531,199
+87%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,367,615
$1,506,803
+10%
Fees to Service Providers
$58,363,668
$199,148,475
+241%
Advertising & Promotion
$423
$4,393
+939%
Offices, Occupancy & IT
$86,455
$91,215
+6%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$3,562,361
$12,039,359
+238%
Total Expenses
$63,380,522
$212,790,245
+236%
Net income
2023
2024
Change
Net income
+$41,454,991
-$17,259,046
-142%
Functional Expenses
Summary
2023
2024
Change
Program
$61,069,917
$211,778,459
+247%
Admin
$2,307,246
$1,010,138
-56%
Fundraising
$3,359
$1,648
-51%
Total Expenses
$63,380,522
$212,790,245
+236%