EVOLVE502 INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,691,108
Contributions
95%
Investments
5%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$5,967,527
Other
51%
Grants
26%
Salaries & Benefits
18%
Fees to Service Providers
3%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$8,051,853
$6,381,952
-21%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$204,509
$309,156
+51%
Other
$0
$0
-
Total Revenues
$8,256,362
$6,691,108
-19%
Expenses
2023
2024
Change
Grants
$1,154,966
$1,552,674
+34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$936,472
$1,062,370
+13%
Fees to Service Providers
$128,310
$155,849
+21%
Advertising & Promotion
$29,525
$43,935
+49%
Offices, Occupancy & IT
$100,370
$88,341
-12%
Interest
$0
$0
-
Depreciation
$146
$0
-100%
Other
$2,768,827
$3,064,358
+11%
Total Expenses
$5,118,616
$5,967,527
+17%
Net income
2023
2024
Change
Net income
+$3,137,746
+$723,581
-77%
Functional Expenses
Summary
2023
2024
Change
Program
$4,432,386
$4,905,588
+11%
Admin
$505,572
$879,616
+74%
Fundraising
$180,658
$182,323
+1%
Total Expenses
$5,118,616
$5,967,527
+17%
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