MORASHA OLAMI INC (EIN 81-3451968) - Income Statement, 990 Financials

MORASHA OLAMI INC

Lakewood, NJ, US

•

a.k.a Olami

•

501(c)(3)

•

EIN

81-3451968

•

HTTP://WWW.OLAMI.ORG/

•

Fund Raising & Fund Distribution

Women Led

MORASHA OLAMI INC

Lakewood, NJ, US

•

a.k.a Olami

•

501(c)(3)

•

EIN

81-3451968

•

HTTP://WWW.OLAMI.ORG/

•

Fund Raising & Fund Distribution

Women Led

Overview

Programs

990s

Income Statement

Balance Sheet

How to Apply

People

Board & Team

Financials

Financial Trends

Funding

Funders

Grants Received

Grantmaking

Giving Insights

Grantees

Grants Given

Overlap

Hide details

Income Statement

Fiscal Year Start:

Jan 1

Revenues in 2024

$58,555,869

Contributions

>99%

Investments

<1%

Government Grants

Fundraising Events

Program Services

Membership Dues

Other

Expenses in 2024

$78,776,501

Grants

77%

Other

13%

Salaries & Benefits

Fees to Service Providers

Offices, Occupancy & IT

Advertising & Promotion

<1%

Depreciation

<1%

Benefits to Members

Interest

Revenues

2023

2024

Change

Contributions

$71,468,498

$58,295,895

-18%

Government Grants

Fundraising Events

Program Services

Membership Dues

Investments

$18,148

$259,974

+1333%

Other

Total Revenues

$71,486,646

$58,555,869

-18%

Expenses

2023

2024

Change

Grants

$34,964,947

$60,987,404

+74%

Benefits to Members

Salaries & Benefits

$4,640,373

$4,804,714

+4%

Fees to Service Providers

$956,968

$1,834,205

+92%

Advertising & Promotion

$355,265

$120,604

-66%

Offices, Occupancy & IT

$438,042

$789,714

+80%

Interest

Depreciation

$7,143

+0%

Other

$6,173,319

$10,232,717

+66%

Total Expenses

$47,536,057

$78,776,501

+66%

Net income

2023

2024

Change

Net income

+$23,950,589

-$20,220,632

-184%

Functional Expenses

Summary

2023

2024

Change

Program

$43,598,011

$74,329,430

+70%

Admin

$2,929,991

$3,377,142

+15%

Fundraising

$1,008,055

$1,069,929

+6%

Total Expenses

$47,536,057

$78,776,501

+66%