MULTICULTURAL INSTITUTE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$1,510,700
Government Grants
56%
Contributions
41%
Other
1%
Program Services
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$1,391,961
Salaries & Benefits
59%
Other
30%
Fees to Service Providers
5%
Offices, Occupancy & IT
3%
Depreciation
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$452,026
$626,196
+39%
Government Grants
$768,963
$839,838
+9%
Fundraising Events
$0
$0
-
Program Services
$14,992
$19,754
+32%
Membership Dues
$0
$0
-
Investments
$3,554
$3,115
-12%
Other
$59,570
$21,797
-63%
Total Revenues
$1,299,105
$1,510,700
+16%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$824,491
$823,360
0%
Fees to Service Providers
$120,098
$73,570
-39%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$47,176
$41,810
-11%
Interest
$0
$0
-
Depreciation
$30,873
$31,207
+1%
Other
$402,622
$422,014
+5%
Total Expenses
$1,425,260
$1,391,961
-2%
Net income
2024
2025
Change
Net income
-$126,155
+$118,739
-194%
Functional Expenses
Summary
2024
2025
Change
Program
$1,190,717
$1,284,751
+8%
Admin
$234,543
$107,210
-54%
Fundraising
$0
$0
-
Total Expenses
$1,425,260
$1,391,961
-2%
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