The Bhutan Foundation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,302,332
Contributions
93%
Government Grants
4%
Investments
2%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,546,183
Grants
72%
Salaries & Benefits
18%
Other
5%
Offices, Occupancy & IT
2%
Fees to Service Providers
2%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,288,914
$4,013,860
-6%
Government Grants
$629,342
$181,862
-71%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$64,619
$96,811
+50%
Other
$16,267
$9,799
-40%
Total Revenues
$4,999,142
$4,302,332
-14%
Expenses
2023
2024
Change
Grants
$3,748,169
$3,255,884
-13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$807,415
$837,415
+4%
Fees to Service Providers
$77,050
$80,676
+5%
Advertising & Promotion
$691
$2,002
+190%
Offices, Occupancy & IT
$104,354
$103,452
-1%
Interest
$0
$0
-
Depreciation
$19,370
$19,885
+3%
Other
$144,621
$246,869
+71%
Total Expenses
$4,901,670
$4,546,183
-7%
Net income
2023
2024
Change
Net income
+$97,472
-$243,851
-350%
Functional Expenses
Summary
2023
2024
Change
Program
$4,328,495
$3,921,875
-9%
Admin
$327,893
$381,296
+16%
Fundraising
$245,282
$243,012
-1%
Total Expenses
$4,901,670
$4,546,183
-7%
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