Academy for Creating Enterprise
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,247,896
Contributions
95%
Investments
5%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,517,239
Grants
58%
Salaries & Benefits
28%
Other
6%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Advertising & Promotion
2%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,117,264
$2,140,153
+92%
Government Grants
$112,859
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$115,333
$107,743
-7%
Other
$0
$0
-
Total Revenues
$1,345,456
$2,247,896
+67%
Expenses
2023
2024
Change
Grants
$1,247,876
$1,459,875
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$658,899
$717,251
+9%
Fees to Service Providers
$39,987
$55,512
+39%
Advertising & Promotion
$44,590
$43,676
-2%
Offices, Occupancy & IT
$220,563
$84,329
-62%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$111,261
$156,596
+41%
Total Expenses
$2,323,176
$2,517,239
+8%
Net income
2023
2024
Change
Net income
-$977,720
-$269,343
+72%
Functional Expenses
Summary
2023
2024
Change
Program
$1,912,479
$2,039,821
+7%
Admin
$85,136
$136,806
+61%
Fundraising
$325,561
$340,612
+5%
Total Expenses
$2,323,176
$2,517,239
+8%
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