FUND FOR THE AGED INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,258,050
Contributions
44%
Other
31%
Fundraising Events
14%
Investments
11%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$7,819,001
Grants
78%
Salaries & Benefits
11%
Fees to Service Providers
7%
Other
3%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,999,807
$3,220,829
+7%
Government Grants
$0
$0
-
Fundraising Events
$887,618
$1,026,080
+16%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$692,335
$767,714
+11%
Other
$1,384,528
$2,243,427
+62%
Total Revenues
$5,964,288
$7,258,050
+22%
Expenses
2023
2024
Change
Grants
$9,122,505
$6,092,342
-33%
Benefits to Members
$0
$0
-
Salaries & Benefits
$983,965
$890,549
-9%
Fees to Service Providers
$571,580
$514,751
-10%
Advertising & Promotion
$24,741
$23,000
-7%
Offices, Occupancy & IT
$86,451
$86,358
0%
Interest
$0
$0
-
Depreciation
$9,093
$8,466
-7%
Other
$214,793
$203,535
-5%
Total Expenses
$11,013,128
$7,819,001
-29%
Net income
2023
2024
Change
Net income
-$5,048,840
-$560,951
+89%
Functional Expenses
Summary
2023
2024
Change
Program
$9,122,515
$6,092,342
-33%
Admin
$505,671
$456,254
-10%
Fundraising
$1,384,942
$1,270,405
-8%
Total Expenses
$11,013,128
$7,819,001
-29%
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