IGNITE PRESQUE ISLE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,917,117
Program Services
80%
Contributions
15%
Government Grants
4%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$3,606,387
Salaries & Benefits
47%
Other
35%
Depreciation
8%
Offices, Occupancy & IT
7%
Interest
1%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,630,545
$575,694
-65%
Government Grants
$780,957
$175,000
-78%
Fundraising Events
$0
$0
-
Program Services
$2,811,577
$3,118,990
+11%
Membership Dues
$0
$0
-
Investments
$5,635
$47,433
+742%
Other
$0
$0
-
Total Revenues
$5,228,714
$3,917,117
-25%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,745,950
$1,710,577
-2%
Fees to Service Providers
$23,327
$26,180
+12%
Advertising & Promotion
$41,131
$36,790
-11%
Offices, Occupancy & IT
$312,629
$265,060
-15%
Interest
$49,267
$42,053
-15%
Depreciation
$266,009
$273,004
+3%
Other
$1,215,125
$1,252,723
+3%
Total Expenses
$3,653,438
$3,606,387
-1%
Net income
2023
2024
Change
Net income
+$1,575,276
+$310,730
-80%
Functional Expenses
Summary
2023
2024
Change
Program
$2,995,996
$2,907,439
-3%
Admin
$657,442
$698,948
+6%
Fundraising
$0
$0
-
Total Expenses
$3,653,438
$3,606,387
-1%
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