AFRICATOWN INTERNATIONAL
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,175,615
Contributions
68%
Government Grants
32%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$2,590,107
Other
77%
Salaries & Benefits
11%
Fees to Service Providers
11%
Offices, Occupancy & IT
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$201,182
$1,487,105
+639%
Government Grants
$1,991,561
$688,510
-65%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$2,192,743
$2,175,615
-1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$245,169
$287,388
+17%
Fees to Service Providers
$364,997
$273,851
-25%
Advertising & Promotion
$161
$0
-100%
Offices, Occupancy & IT
$39,352
$46,935
+19%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,881,502
$1,981,933
+5%
Total Expenses
$2,531,181
$2,590,107
+2%
Net income
2023
2024
Change
Net income
-$338,438
-$414,492
-22%
Functional Expenses
Summary
2023
2024
Change
Program
$2,409,846
$2,561,352
+6%
Admin
$120,836
$28,492
-76%
Fundraising
$499
$263
-47%
Total Expenses
$2,531,181
$2,590,107
+2%
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