Income Statement

Fiscal Year: 2024
Jul 1, 2023 – Jun 30, 2024
Revenues in 2024
$84,399,638
Government Grants
90%
Other
10%
Investments
<1%
Fundraising Events
<1%
Contributions
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$78,564,322
Salaries & Benefits
66%
Other
13%
Offices, Occupancy & IT
11%
Fees to Service Providers
4%
Interest
4%
Depreciation
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$70,034,771
$75,767,762
+8%
Fundraising Events
$12,325
$49,000
+298%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$485,432
$65,249
-87%
Other
-$38,556,484
$8,517,627
-122%
Total Revenues
$31,976,044
$84,399,638
+164%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$48,289,363
$51,715,343
+7%
Fees to Service Providers
$3,499,450
$3,174,768
-9%
Advertising & Promotion
$330,292
$404,280
+22%
Offices, Occupancy & IT
$12,843,847
$8,720,515
-32%
Interest
$2,119,996
$2,761,435
+30%
Depreciation
$2,082,668
$1,684,083
-19%
Other
$7,779,725
$10,103,898
+30%
Total Expenses
$76,945,341
$78,564,322
+2%
Net income
2023
2024
Change
Net income
-$44,969,297
+$5,835,316
-113%
Functional Expenses
Summary
2023
2024
Change
Program
$46,600,900
$51,005,340
+9%
Admin
$30,344,441
$27,558,982
-9%
Fundraising
$0
$0
-
Total Expenses
$76,945,341
$78,564,322
+2%