Income Statement

Fiscal Year: 2024
Revenues in 2024
$113,038,235
Government Grants
71%
Investments
29%
Contributions
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$88,313,540
Grants
99%
Fees to Service Providers
<1%
Other
<1%
Salaries & Benefits
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$80,000,000
$80,000,000
+0%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$16,800,588
$33,038,235
+97%
Other
$0
$0
-
Total Revenues
$96,800,588
$113,038,235
+17%
Expenses
2023
2024
Change
Grants
$51,894,713
$87,254,156
+68%
Benefits to Members
$0
$0
-
Salaries & Benefits
$118,415
$129,180
+9%
Fees to Service Providers
$431,250
$447,695
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$42,466
$43,752
+3%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$347,930
$438,757
+26%
Total Expenses
$52,834,774
$88,313,540
+67%
Net income
2023
2024
Change
Net income
+$43,965,814
+$24,724,695
-44%
Functional Expenses
Summary
2023
2024
Change
Program
$52,687,600
$88,141,111
+67%
Admin
$147,174
$172,429
+17%
Fundraising
$0
$0
-
Total Expenses
$52,834,774
$88,313,540
+67%