GRAND RAPIDS NEHEMIAH PROJECT
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,581,437
Contributions
44%
Government Grants
34%
Program Services
18%
Other
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,880,512
Salaries & Benefits
59%
Other
19%
Fees to Service Providers
10%
Offices, Occupancy & IT
5%
Depreciation
5%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$369,077
$2,445,492
+563%
Government Grants
$1,233,669
$1,919,132
+56%
Fundraising Events
$0
$0
-
Program Services
$743,342
$980,300
+32%
Membership Dues
$0
$0
-
Investments
$0
$49,246
-
Other
$198,967
$187,267
-6%
Total Revenues
$2,545,055
$5,581,437
+119%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$392,881
$1,703,219
+334%
Fees to Service Providers
$195,618
$291,243
+49%
Advertising & Promotion
$32,358
$22,135
-32%
Offices, Occupancy & IT
$142,780
$143,644
+1%
Interest
$21,462
$20,379
-5%
Depreciation
$131,439
$142,368
+8%
Other
$1,795,545
$557,524
-69%
Total Expenses
$2,712,083
$2,880,512
+6%
Net income
2023
2024
Change
Net income
-$167,028
+$2,700,925
-1717%
Functional Expenses
Summary
2023
2024
Change
Program
$2,379,445
$2,408,836
+1%
Admin
$236,432
$328,572
+39%
Fundraising
$96,206
$143,104
+49%
Total Expenses
$2,712,083
$2,880,512
+6%
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