ADVANCEMENT PROJECT
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$13,315,716
Contributions
86%
Program Services
8%
Other
6%
Fundraising Events
<1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$11,239,371
Salaries & Benefits
65%
Grants
12%
Fees to Service Providers
9%
Offices, Occupancy & IT
7%
Other
5%
Interest
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$5,237,659
$11,432,194
+118%
Government Grants
$0
$0
-
Fundraising Events
$199,435
$47,135
-76%
Program Services
$1,044,361
$1,031,211
-1%
Membership Dues
$0
$0
-
Investments
$2,419
$1,870
-23%
Other
-$47,673
$803,306
-1785%
Total Revenues
$6,436,201
$13,315,716
+107%
Expenses
2023
2024
Change
Grants
$2,122,367
$1,400,500
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,520,886
$7,361,670
+13%
Fees to Service Providers
$1,172,374
$1,032,233
-12%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$880,351
$803,349
-9%
Interest
$0
$35,984
-
Depreciation
$33,969
$32,619
-4%
Other
$431,850
$573,016
+33%
Total Expenses
$11,161,797
$11,239,371
+1%
Net income
2023
2024
Change
Net income
-$4,725,596
+$2,076,345
-144%
Functional Expenses
Summary
2023
2024
Change
Program
$9,232,092
$8,797,847
-5%
Admin
$1,208,860
$1,511,240
+25%
Fundraising
$720,845
$930,284
+29%
Total Expenses
$11,161,797
$11,239,371
+1%
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