CRAFT3
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$53,607,388
Government Grants
44%
Contributions
30%
Program Services
23%
Investments
3%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$38,316,373
Salaries & Benefits
35%
Grants
34%
Other
14%
Interest
8%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$652,760
$15,905,960
+2337%
Government Grants
$18,701,265
$23,626,983
+26%
Fundraising Events
$0
$0
-
Program Services
$10,940,089
$12,269,833
+12%
Membership Dues
$0
$0
-
Investments
$1,766,050
$1,803,165
+2%
Other
$0
$1,447
-
Total Revenues
$32,060,164
$53,607,388
+67%
Expenses
2023
2024
Change
Grants
$270,253
$13,053,784
+4730%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,834,538
$13,428,721
+13%
Fees to Service Providers
$1,074,583
$1,472,671
+37%
Advertising & Promotion
$49,275
$40,621
-18%
Offices, Occupancy & IT
$1,270,512
$1,816,401
+43%
Interest
$2,588,472
$3,076,593
+19%
Depreciation
$350,032
$111,871
-68%
Other
$3,183,094
$5,315,711
+67%
Total Expenses
$20,620,759
$38,316,373
+86%
Net income
2023
2024
Change
Net income
+$11,439,405
+$15,291,015
+34%
Functional Expenses
Summary
2023
2024
Change
Program
$16,419,848
$32,038,621
+95%
Admin
$3,747,592
$6,101,490
+63%
Fundraising
$453,319
$176,262
-61%
Total Expenses
$20,620,759
$38,316,373
+86%
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