GROW AMERICA FUND INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,546,199
Program Services
>99%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$4,099,148
Salaries & Benefits
49%
Other
20%
Fees to Service Providers
19%
Interest
13%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$890,000
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$2,443,795
$3,528,519
+44%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$587,881
$17,680
-97%
Total Revenues
$3,921,676
$3,546,199
-10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,872,170
$1,997,228
+7%
Fees to Service Providers
$760,039
$771,985
+2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$6,226
$6,361
+2%
Interest
$520,513
$519,650
0%
Depreciation
$0
$0
-
Other
$301,971
$803,924
+166%
Total Expenses
$3,460,919
$4,099,148
+18%
Net income
2023
2024
Change
Net income
+$460,757
-$552,949
-220%
Functional Expenses
Summary
2023
2024
Change
Program
$2,639,696
$3,314,274
+26%
Admin
$821,223
$784,874
-4%
Fundraising
$0
$0
-
Total Expenses
$3,460,919
$4,099,148
+18%
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