LOCAL INITIATIVES SUPPORT CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$363,857,494
Contributions
47%
Program Services
23%
Government Grants
21%
Other
5%
Investments
3%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$344,531,235
Grants
32%
Salaries & Benefits
31%
Other
16%
Fees to Service Providers
10%
Interest
7%
Offices, Occupancy & IT
3%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$90,853,015
$170,360,059
+88%
Government Grants
$142,788,409
$77,644,392
-46%
Fundraising Events
$1,035,494
$1,287,655
+24%
Program Services
$111,047,751
$85,389,405
-23%
Membership Dues
$0
$0
-
Investments
$7,930,524
$11,692,394
+47%
Other
$19,403,950
$17,483,589
-10%
Total Revenues
$373,059,143
$363,857,494
-2%
Expenses
2023
2024
Change
Grants
$170,453,379
$111,086,644
-35%
Benefits to Members
$0
$0
-
Salaries & Benefits
$102,630,968
$106,663,684
+4%
Fees to Service Providers
$37,816,328
$33,467,771
-11%
Advertising & Promotion
$155,262
$234,675
+51%
Offices, Occupancy & IT
$12,391,749
$11,536,233
-7%
Interest
$20,566,333
$25,396,710
+23%
Depreciation
$846,865
$708,166
-16%
Other
$27,904,446
$55,437,352
+99%
Total Expenses
$372,765,330
$344,531,235
-8%
Net income
2023
2024
Change
Net income
+$293,813
+$19,326,259
+6478%
Functional Expenses
Summary
2023
2024
Change
Program
$333,560,642
$302,702,708
-9%
Admin
$28,998,051
$31,174,977
+8%
Fundraising
$10,206,637
$10,653,550
+4%
Total Expenses
$372,765,330
$344,531,235
-8%
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