KOREAN AMERICAN FAMILY SERVICES INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$9,977,335
Government Grants
68%
Contributions
29%
Fundraising Events
2%
Investments
1%
Program Services
<1%
Membership Dues
0%
Other
0%
Expenses in 2024
$7,302,700
Other
55%
Salaries & Benefits
34%
Offices, Occupancy & IT
7%
Fees to Service Providers
3%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,618,660
$2,843,820
+76%
Government Grants
$5,826,664
$6,766,304
+16%
Fundraising Events
$176,779
$169,224
-4%
Program Services
$98,566
$78,945
-20%
Membership Dues
$0
$0
-
Investments
$4,143
$119,042
+2773%
Other
$0
$0
-
Total Revenues
$7,724,812
$9,977,335
+29%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,988,778
$2,479,690
+25%
Fees to Service Providers
$151,193
$245,018
+62%
Advertising & Promotion
$3,795
$10,613
+180%
Offices, Occupancy & IT
$374,854
$490,857
+31%
Interest
$4,124
$4,125
+0%
Depreciation
$38,935
$76,981
+98%
Other
$3,951,521
$3,995,416
+1%
Total Expenses
$6,513,200
$7,302,700
+12%
Net income
2023
2024
Change
Net income
+$1,211,612
+$2,674,635
+121%
Functional Expenses
Summary
2023
2024
Change
Program
$5,988,375
$6,671,282
+11%
Admin
$496,584
$603,807
+22%
Fundraising
$28,241
$27,611
-2%
Total Expenses
$6,513,200
$7,302,700
+12%
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