The Laundromat Project Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,424,145
Contributions
73%
Investments
14%
Government Grants
12%
Program Services
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,877,587
Salaries & Benefits
51%
Fees to Service Providers
27%
Other
9%
Offices, Occupancy & IT
8%
Depreciation
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,282,731
$1,772,072
-66%
Government Grants
$280,587
$290,655
+4%
Fundraising Events
$0
$0
-
Program Services
$33,600
$10,550
-69%
Membership Dues
$0
$0
-
Investments
$130,881
$346,139
+164%
Other
$6,279
$4,729
-25%
Total Revenues
$5,734,078
$2,424,145
-58%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,489,853
$1,471,111
-1%
Fees to Service Providers
$710,853
$786,993
+11%
Advertising & Promotion
$10,308
$9,802
-5%
Offices, Occupancy & IT
$206,716
$222,821
+8%
Interest
$0
$0
-
Depreciation
$87,766
$125,167
+43%
Other
$171,449
$261,693
+53%
Total Expenses
$2,676,945
$2,877,587
+7%
Net income
2023
2024
Change
Net income
+$3,057,133
-$453,442
-115%
Functional Expenses
Summary
2023
2024
Change
Program
$1,837,147
$1,965,007
+7%
Admin
$508,423
$596,276
+17%
Fundraising
$331,375
$316,304
-5%
Total Expenses
$2,676,945
$2,877,587
+7%
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