VERITE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,821,768
Program Services
97%
Contributions
3%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,672,185
Other
52%
Salaries & Benefits
43%
Offices, Occupancy & IT
4%
Fees to Service Providers
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$781,474
$321,141
-59%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$11,877,911
$11,483,336
-3%
Membership Dues
$0
$0
-
Investments
$268
$6,999
+2512%
Other
$800,780
$10,292
-99%
Total Revenues
$13,460,433
$11,821,768
-12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,912,164
$5,483,662
+12%
Fees to Service Providers
$69,414
$54,163
-22%
Advertising & Promotion
$2,305
$4,782
+107%
Offices, Occupancy & IT
$549,857
$513,240
-7%
Interest
$0
$0
-
Depreciation
$14,768
$17,203
+16%
Other
$7,218,316
$6,599,135
-9%
Total Expenses
$12,766,824
$12,672,185
-1%
Net income
2023
2024
Change
Net income
+$693,609
-$850,417
-223%
Functional Expenses
Summary
2023
2024
Change
Program
$11,835,209
$11,661,410
-1%
Admin
$931,129
$984,410
+6%
Fundraising
$486
$26,365
+5325%
Total Expenses
$12,766,824
$12,672,185
-1%
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