Logo for "GENESIS LA ECONOMIC GROWTH CORPORATION"

GENESIS LA ECONOMIC GROWTH CORPORATION

GENESIS LA ECONOMIC GROWTH CORPORATION

Los Angeles, CA, US
501(c)(3)
EIN
95-4712513
Regional Funder
Logo for "GENESIS LA ECONOMIC GROWTH CORPORATION"

GENESIS LA ECONOMIC GROWTH CORPORATION

Los Angeles, CA, US
501(c)(3)
EIN
95-4712513
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$36,924,816

Contributions
71%
Investments
19%
Program Services
9%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$6,966,862

Salaries & Benefits
42%
Grants
24%
Interest
15%
Fees to Service Providers
8%
Other
7%
Offices, Occupancy & IT
3%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$445,284
$26,116,645
+5765%
Government Grants
$4,771,398
$410,421
-91%
Fundraising Events
$0
$0
-
Program Services
$2,233,308
$3,413,770
+53%
Membership Dues
$0
$0
-
Investments
$5,246,976
$6,983,980
+33%
Other
$0
$0
-
Total Revenues
$12,696,966
$36,924,816
+191%
Expenses
2023
2024
Change
Grants
$1,265,067
$1,700,532
+34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,448,049
$2,929,317
+20%
Fees to Service Providers
$408,498
$535,866
+31%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$187,500
$237,553
+27%
Interest
$943,368
$1,056,532
+12%
Depreciation
$15,297
$42,099
+175%
Other
$420,492
$464,963
+11%
Total Expenses
$5,688,271
$6,966,862
+22%
Net income
2023
2024
Change
Net income
+$7,008,695
+$29,957,954
+327%
Functional Expenses
Summary
2023
2024
Change
Program
$5,356,431
$6,443,671
+20%
Admin
$294,596
$467,733
+59%
Fundraising
$37,244
$55,458
+49%
Total Expenses
$5,688,271
$6,966,862
+22%
Income Statement
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