Renaissance Entrepreneurship Center
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,890,612
Government Grants
58%
Contributions
31%
Program Services
5%
Fundraising Events
5%
Other
1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$7,821,400
Salaries & Benefits
62%
Fees to Service Providers
16%
Other
10%
Offices, Occupancy & IT
9%
Depreciation
2%
Interest
1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,034,513
$2,161,945
-29%
Government Grants
$3,958,357
$3,988,374
+1%
Fundraising Events
$314,533
$311,229
-1%
Program Services
$368,164
$351,705
-4%
Membership Dues
$0
$0
-
Investments
$446
$5,837
+1209%
Other
$9,253
$71,522
+673%
Total Revenues
$7,685,266
$6,890,612
-10%
Expenses
2023
2024
Change
Grants
$6,000
$12,000
+100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,054,545
$4,846,945
+20%
Fees to Service Providers
$1,495,487
$1,246,748
-17%
Advertising & Promotion
$17,885
$8,724
-51%
Offices, Occupancy & IT
$442,724
$683,905
+54%
Interest
$105,538
$105,073
0%
Depreciation
$122,351
$129,772
+6%
Other
$1,753,554
$788,233
-55%
Total Expenses
$7,998,084
$7,821,400
-2%
Net income
2023
2024
Change
Net income
-$312,818
-$930,788
-198%
Functional Expenses
Summary
2023
2024
Change
Program
$6,073,637
$5,807,179
-4%
Admin
$1,676,313
$1,642,766
-2%
Fundraising
$248,134
$371,455
+50%
Total Expenses
$7,998,084
$7,821,400
-2%
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