ROOT CAPITAL INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$23,802,639
Program Services
40%
Contributions
34%
Government Grants
14%
Investments
11%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$37,085,768
Salaries & Benefits
53%
Other
25%
Fees to Service Providers
9%
Offices, Occupancy & IT
7%
Grants
4%
Interest
2%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,634,111
$8,197,667
-30%
Government Grants
$4,890,489
$3,402,831
-30%
Fundraising Events
$0
$0
-
Program Services
$10,208,026
$9,636,499
-6%
Membership Dues
$0
$0
-
Investments
$2,070,858
$2,563,919
+24%
Other
$304,122
$1,723
-99%
Total Revenues
$29,107,606
$23,802,639
-18%
Expenses
2023
2024
Change
Grants
$1,209,782
$1,317,438
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,036,358
$19,665,650
+23%
Fees to Service Providers
$4,027,290
$3,353,491
-17%
Advertising & Promotion
$30,480
$29,044
-5%
Offices, Occupancy & IT
$2,253,663
$2,509,898
+11%
Interest
$823,045
$899,195
+9%
Depreciation
$192,736
$14,843
-92%
Other
$7,931,958
$9,296,209
+17%
Total Expenses
$32,505,312
$37,085,768
+14%
Net income
2023
2024
Change
Net income
-$3,397,706
-$13,283,129
-291%
Functional Expenses
Summary
2023
2024
Change
Program
$23,860,262
$27,130,661
+14%
Admin
$7,811,456
$8,816,658
+13%
Fundraising
$833,594
$1,138,449
+37%
Total Expenses
$32,505,312
$37,085,768
+14%
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