THE NEXT STEP FUND INC
Income Statement
Fiscal Year Start:
Apr 1
Revenues in 2025
$1,091,067
Contributions
46%
Other
43%
Program Services
6%
Investments
5%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$1,090,396
Other
65%
Salaries & Benefits
17%
Fees to Service Providers
9%
Offices, Occupancy & IT
5%
Grants
2%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$429,816
$499,362
+16%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$93,902
$65,310
-30%
Membership Dues
$0
$0
-
Investments
$51,164
$52,357
+2%
Other
$302,451
$474,038
+57%
Total Revenues
$877,333
$1,091,067
+24%
Expenses
2024
2025
Change
Grants
$5,280
$16,438
+211%
Benefits to Members
$0
$0
-
Salaries & Benefits
$176,003
$190,259
+8%
Fees to Service Providers
$14,746
$93,866
+537%
Advertising & Promotion
$6,058
$13,560
+124%
Offices, Occupancy & IT
$4,660
$54,591
+1071%
Interest
$0
$0
-
Depreciation
$10,516
$10,311
-2%
Other
$793,068
$711,371
-10%
Total Expenses
$1,010,331
$1,090,396
+8%
Net income
2024
2025
Change
Net income
-$132,998
+$671
-101%
Functional Expenses
Summary
2024
2025
Change
Program
$735,540
$767,996
+4%
Admin
$117,020
$148,529
+27%
Fundraising
$157,771
$173,871
+10%
Total Expenses
$1,010,331
$1,090,396
+8%
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