MONTALVO ASSOCIATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$8,188,069
Contributions
35%
Other
25%
Investments
20%
Program Services
11%
Fundraising Events
7%
Government Grants
2%
Membership Dues
0%
Expenses in 2024
$7,422,568
Salaries & Benefits
53%
Other
26%
Depreciation
10%
Fees to Service Providers
7%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,331,444
$2,890,075
-13%
Government Grants
$25,000
$155,000
+520%
Fundraising Events
$701,319
$602,345
-14%
Program Services
$923,453
$888,722
-4%
Membership Dues
$0
$0
-
Investments
$828,639
$1,628,057
+96%
Other
$1,446,167
$2,023,870
+40%
Total Revenues
$7,256,022
$8,188,069
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,841,289
$3,962,603
+3%
Fees to Service Providers
$308,966
$515,737
+67%
Advertising & Promotion
$93,300
$91,788
-2%
Offices, Occupancy & IT
$130,613
$151,943
+16%
Interest
$0
$0
-
Depreciation
$769,439
$766,143
0%
Other
$1,926,745
$1,934,354
+0%
Total Expenses
$7,070,352
$7,422,568
+5%
Net income
2023
2024
Change
Net income
+$185,670
+$765,501
+312%
Functional Expenses
Summary
2023
2024
Change
Program
$4,897,288
$5,152,191
+5%
Admin
$1,503,020
$1,612,211
+7%
Fundraising
$670,044
$658,166
-2%
Total Expenses
$7,070,352
$7,422,568
+5%
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