KOREAN COMMUNITY SERVICES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$27,738,580
Program Services
69%
Government Grants
26%
Contributions
4%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$19,447,847
Salaries & Benefits
75%
Fees to Service Providers
9%
Other
8%
Offices, Occupancy & IT
4%
Depreciation
4%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,749,872
$985,389
-44%
Government Grants
$4,891,322
$7,256,589
+48%
Fundraising Events
$0
$0
-
Program Services
$12,805,400
$19,195,661
+50%
Membership Dues
$0
$0
-
Investments
$234,193
$160,941
-31%
Other
$41,332
$140,000
+239%
Total Revenues
$19,722,119
$27,738,580
+41%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,373,342
$14,546,296
+18%
Fees to Service Providers
$1,441,917
$1,736,462
+20%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$858,767
$834,004
-3%
Interest
$1,730
$0
-100%
Depreciation
$667,119
$690,050
+3%
Other
$1,372,539
$1,641,035
+20%
Total Expenses
$16,715,414
$19,447,847
+16%
Net income
2023
2024
Change
Net income
+$3,006,705
+$8,290,733
+176%
Functional Expenses
Summary
2023
2024
Change
Program
$11,760,709
$13,825,698
+18%
Admin
$4,954,705
$5,622,149
+13%
Fundraising
$0
$0
-
Total Expenses
$16,715,414
$19,447,847
+16%
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