BUSINESS FOR A FAIR MINIMUM WAGE INC
Pub 78

BUSINESS FOR A FAIR MINIMUM WAGE INC
Pub 78

Silver Spring, MD, US
501(c)
EIN
82-5423675

BUSINESS FOR A FAIR MINIMUM WAGE INC
Pub 78

Silver Spring, MD, US
501(c)
EIN
82-5423675

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$394,082

Program Services
57%
Contributions
43%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024

$400,707

Salaries & Benefits
62%
Fees to Service Providers
34%
Other
3%
Offices, Occupancy & IT
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$418,695
$169,082
-60%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$80,000
$225,000
+181%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$498,695
$394,082
-21%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$343,443
$249,315
-27%
Fees to Service Providers
$137,708
$135,522
-2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$39,724
$4,200
-89%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$13,822
$11,670
-16%
Total Expenses
$534,697
$400,707
-25%
Net income
2023
2024
Change
Net income
-$36,002
-$6,625
+82%
Functional Expenses
Summary
2023
2024
Change
Program
$458,203
$377,078
-18%
Admin
$76,494
$23,629
-69%
Fundraising
$0
$0
-
Total Expenses
$534,697
$400,707
-25%
Income Statement
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