Financial Performance

A Year for Growth (and Hustling)

We continued fundraising for our in-person programming as we developed new and deeper relationships with funders in 2022. From expanding our relationships, dedicating more efforts to individual donors, and contracts with schools, our revenue grew to $908,384; a 21% increase over 2021. Though we had an increase in revenue, our expenses also increased by 61%. Much of this was due to the grants received in 2021 that were for program implementation in 2022. We dedicated more of our expenses to staff capacity expansion to increase fundraising and program delivery capacity. $170,000 received in 2021 specifically was for the implementation of the Ramp Up Fellowship in 2022.

We had an increase in cash on hand at the end of the year; increasing from $573,966 in 2021 to $613,581in 2022 for a net increase of $39,615.

Restricted gifts remain our biggest revenue source

Restricted gifts (aka Grants)

Restricted gifts refer to all Grants received by Assemble. In 2022, Assemble netted $641,317 in restricted gifts; a 19% increase from 2021.

Unrestricted donations

Unrestricted donations, which are funds received from individual and corporate donors, totaled $160,893 in 2022, up 22% from 2021. Most of these donations occurred during end-of-year giving, including November’s Day of Giving.

Board giving increased from $8,810.63 in 2021 to $18,626.40 in 2022, an 111% increase!

Restricted contracts

Restricted contract revenue had the largest increase from 2021 to 2022 at 32%, which includes our offsite contracts as schools and other community organizations.

Program fees

Program fees, including fees from in-house camps, space rentals, birthday parties, and 21+ Nights, continued to increase in 2022 and totaled $13,558. We did not do many, if any, 21 + Nights or space rentals and birthday parties in 2021. We increased our number of campers in each week of camp from 15 in 2021 to 20 in 2022.

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