Birmingham Promise Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$15,625,892
Contributions
74%
Government Grants
21%
Investments
4%
Program Services
1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,246,613
Grants
50%
Salaries & Benefits
26%
Other
14%
Fees to Service Providers
6%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,821,179
$11,550,297
+140%
Government Grants
$2,669,375
$3,318,892
+24%
Fundraising Events
$0
$0
-
Program Services
$89,256
$157,142
+76%
Membership Dues
$0
$0
-
Investments
$374,189
$599,211
+60%
Other
$0
$350
-
Total Revenues
$7,953,999
$15,625,892
+96%
Expenses
2023
2024
Change
Grants
$3,937,868
$3,650,160
-7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,696,375
$1,915,043
+13%
Fees to Service Providers
$319,398
$402,578
+26%
Advertising & Promotion
$117,713
$92,077
-22%
Offices, Occupancy & IT
$212,231
$130,860
-38%
Interest
$0
$0
-
Depreciation
$52,208
$42,534
-19%
Other
$723,471
$1,013,361
+40%
Total Expenses
$7,059,264
$7,246,613
+3%
Net income
2023
2024
Change
Net income
+$894,735
+$8,379,279
+837%
Functional Expenses
Summary
2023
2024
Change
Program
$5,488,335
$5,519,963
+1%
Admin
$1,453,216
$1,634,573
+12%
Fundraising
$117,713
$92,077
-22%
Total Expenses
$7,059,264
$7,246,613
+3%
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