Polaris Project
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,051,294
Contributions
51%
Government Grants
48%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$13,221,347
Salaries & Benefits
70%
Offices, Occupancy & IT
13%
Fees to Service Providers
11%
Other
3%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,224,295
$5,655,807
+8%
Government Grants
$4,831,020
$5,357,207
+11%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$125,445
$38,280
-69%
Other
$31,572
$0
-100%
Total Revenues
$10,212,332
$11,051,294
+8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,552,179
$9,251,302
-20%
Fees to Service Providers
$2,426,747
$1,434,075
-41%
Advertising & Promotion
$0
$66,115
-
Offices, Occupancy & IT
$509,009
$1,699,458
+234%
Interest
$14,926
$25,819
+73%
Depreciation
$5,706
$318,239
+5477%
Other
$445,646
$426,339
-4%
Total Expenses
$14,954,213
$13,221,347
-12%
Net income
2023
2024
Change
Net income
-$4,741,881
-$2,170,053
+54%
Functional Expenses
Summary
2023
2024
Change
Program
$8,626,062
$9,335,985
+8%
Admin
$4,867,628
$2,483,057
-49%
Fundraising
$1,460,523
$1,402,305
-4%
Total Expenses
$14,954,213
$13,221,347
-12%
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