KOREATOWN YOUTH AND COMMUNITY CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$20,450,322
Government Grants
63%
Program Services
24%
Fundraising Events
7%
Contributions
5%
Other
<1%
Membership Dues
0%
Investments
0%
Expenses in 2024
$19,461,433
Salaries & Benefits
66%
Fees to Service Providers
19%
Offices, Occupancy & IT
7%
Other
6%
Advertising & Promotion
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,544,113
$1,040,977
-33%
Government Grants
$11,647,664
$12,925,070
+11%
Fundraising Events
$2,036,400
$1,474,654
-28%
Program Services
$1,909,385
$4,971,539
+160%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$26,656
$38,082
+43%
Total Revenues
$17,164,218
$20,450,322
+19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,729,382
$12,797,148
+19%
Fees to Service Providers
$2,782,078
$3,637,141
+31%
Advertising & Promotion
$181,568
$455,574
+151%
Offices, Occupancy & IT
$871,677
$1,285,561
+47%
Interest
$0
$0
-
Depreciation
$135,352
$160,624
+19%
Other
$1,516,421
$1,125,385
-26%
Total Expenses
$16,216,478
$19,461,433
+20%
Net income
2023
2024
Change
Net income
+$947,740
+$988,889
+4%
Functional Expenses
Summary
2023
2024
Change
Program
$15,443,688
$18,665,396
+21%
Admin
$27,599
-$122,003
-542%
Fundraising
$745,191
$918,040
+23%
Total Expenses
$16,216,478
$19,461,433
+20%
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