BIG MINDS INCORPORATED
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$2,234,354
Program Services
83%
Government Grants
10%
Contributions
7%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,291,612
Salaries & Benefits
78%
Offices, Occupancy & IT
18%
Other
3%
Interest
<1%
Fees to Service Providers
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$101,502
$150,151
+48%
Government Grants
$0
$222,755
-
Fundraising Events
$0
$0
-
Program Services
$1,985,279
$1,859,246
-6%
Membership Dues
$0
$0
-
Investments
$2,385
$2,202
-8%
Other
$0
$0
-
Total Revenues
$2,089,166
$2,234,354
+7%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,755,453
$1,790,968
+2%
Fees to Service Providers
$28,457
$6,388
-78%
Advertising & Promotion
$6,220
$0
-100%
Offices, Occupancy & IT
$373,630
$409,194
+10%
Interest
$22,507
$18,913
-16%
Depreciation
$6,536
$4,286
-34%
Other
$58,286
$61,863
+6%
Total Expenses
$2,251,089
$2,291,612
+2%
Net income
2023
2024
Change
Net income
-$161,923
-$57,258
+65%
Functional Expenses
Summary
2023
2024
Change
Program
$1,712,432
$1,837,537
+7%
Admin
$526,712
$431,782
-18%
Fundraising
$11,945
$22,293
+87%
Total Expenses
$2,251,089
$2,291,612
+2%
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