ADVANCE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,696,789
Contributions
85%
Government Grants
11%
Investments
2%
Program Services
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,587,900
Salaries & Benefits
57%
Other
23%
Offices, Occupancy & IT
13%
Fees to Service Providers
7%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,559,321
$2,288,283
+47%
Government Grants
$0
$300,000
-
Fundraising Events
$0
$0
-
Program Services
$0
$41,719
-
Membership Dues
$0
$0
-
Investments
$8,777
$66,787
+661%
Other
$0
$0
-
Total Revenues
$1,568,098
$2,696,789
+72%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$190,067
$897,230
+372%
Fees to Service Providers
$48,659
$112,193
+131%
Advertising & Promotion
$1,744
$1,500
-14%
Offices, Occupancy & IT
$63,036
$201,768
+220%
Interest
$0
$0
-
Depreciation
$0
$6,955
-
Other
$99,430
$368,254
+270%
Total Expenses
$402,936
$1,587,900
+294%
Net income
2023
2024
Change
Net income
+$1,165,162
+$1,108,889
-5%
Functional Expenses
Summary
2023
2024
Change
Program
$369,487
$1,348,489
+265%
Admin
$32,577
$137,358
+322%
Fundraising
$872
$102,053
+11603%
Total Expenses
$402,936
$1,587,900
+294%
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