POSSIBILITY LABS
POSSIBILITY LABS
POSSIBILITY LABS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$54,036,907
Contributions
96%
Program Services
3%
Investments
<1%
Government Grants
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$37,013,238
Grants
67%
Salaries & Benefits
18%
Fees to Service Providers
11%
Other
3%
Offices, Occupancy & IT
2%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$23,615,875
$51,856,353
+120%
Government Grants
$25,280
$40,903
+62%
Fundraising Events
$0
$0
-
Program Services
$1,199,574
$1,819,658
+52%
Membership Dues
$0
$0
-
Investments
$133,809
$318,564
+138%
Other
$10,821
$1,429
-87%
Total Revenues
$24,985,359
$54,036,907
+116%
Expenses
2023
2024
Change
Grants
$25,308,249
$24,825,759
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,544,982
$6,644,907
+46%
Fees to Service Providers
$2,025,354
$3,903,619
+93%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$372,630
$644,222
+73%
Interest
$26,638
$8,655
-68%
Depreciation
$0
$0
-
Other
$1,549,596
$986,076
-36%
Total Expenses
$33,827,449
$37,013,238
+9%
Net income
2023
2024
Change
Net income
-$8,842,090
+$17,023,669
-293%
Functional Expenses
Summary
2023
2024
Change
Program
$32,474,074
$34,693,505
+7%
Admin
$897,997
$1,601,609
+78%
Fundraising
$455,378
$718,124
+58%
Total Expenses
$33,827,449
$37,013,238
+9%
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