BUILDING AFRICAN AMERICAN MINDS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,512,512
Government Grants
62%
Contributions
36%
Investments
2%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,392,454
Salaries & Benefits
61%
Other
15%
Offices, Occupancy & IT
13%
Depreciation
7%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,917,987
$1,609,380
-16%
Government Grants
$230,970
$2,817,308
+1120%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,179
$69,754
+3101%
Other
$770
$16,070
+1987%
Total Revenues
$2,151,906
$4,512,512
+110%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$851,423
$853,174
+0%
Fees to Service Providers
$24,157
$51,546
+113%
Advertising & Promotion
$7,685
$6,705
-13%
Offices, Occupancy & IT
$74,210
$175,558
+137%
Interest
$0
$0
-
Depreciation
$98,508
$100,567
+2%
Other
$157,881
$204,904
+30%
Total Expenses
$1,213,864
$1,392,454
+15%
Net income
2023
2024
Change
Net income
+$938,042
+$3,120,058
+233%
Functional Expenses
Summary
2023
2024
Change
Program
$1,127,914
$1,198,711
+6%
Admin
$78,265
$187,038
+139%
Fundraising
$7,685
$6,705
-13%
Total Expenses
$1,213,864
$1,392,454
+15%
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