1HOOD MEDIA ACADEMY INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,236,941
Contributions
89%
Government Grants
8%
Program Services
2%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,934,484
Other
35%
Salaries & Benefits
35%
Fees to Service Providers
21%
Offices, Occupancy & IT
6%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,673,792
$1,997,857
+19%
Government Grants
$49,740
$182,721
+267%
Fundraising Events
$0
$0
-
Program Services
$21,984
$45,111
+105%
Membership Dues
$0
$0
-
Investments
$2
$11,199
+559850%
Other
$135
$53
-61%
Total Revenues
$1,745,653
$2,236,941
+28%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$676,205
$1,018,293
+51%
Fees to Service Providers
$652,656
$629,756
-4%
Advertising & Promotion
$18,022
$63,228
+251%
Offices, Occupancy & IT
$127,453
$181,743
+43%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$766,823
$1,041,464
+36%
Total Expenses
$2,241,159
$2,934,484
+31%
Net income
2023
2024
Change
Net income
-$495,506
-$697,543
-41%
Functional Expenses
Summary
2023
2024
Change
Program
$1,661,998
$2,200,978
+32%
Admin
$368,186
$524,822
+43%
Fundraising
$210,975
$208,684
-1%
Total Expenses
$2,241,159
$2,934,484
+31%
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