FUND FOR ARMENIAN RELIEF INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$9,019,793
Contributions
89%
Investments
7%
Government Grants
2%
Other
2%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,681,172
Grants
34%
Other
27%
Salaries & Benefits
22%
Fees to Service Providers
10%
Offices, Occupancy & IT
5%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,344,566
$8,026,344
+9%
Government Grants
$0
$218,456
-
Fundraising Events
$0
$0
-
Program Services
$168,305
$510
-100%
Membership Dues
$0
$0
-
Investments
$325,954
$591,431
+81%
Other
$717,380
$183,052
-74%
Total Revenues
$8,556,205
$9,019,793
+5%
Expenses
2023
2024
Change
Grants
$2,017,975
$2,267,429
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,207,703
$1,494,593
+24%
Fees to Service Providers
$560,290
$700,159
+25%
Advertising & Promotion
$244,133
$54,512
-78%
Offices, Occupancy & IT
$261,655
$310,738
+19%
Interest
$0
$0
-
Depreciation
$33,143
$29,263
-12%
Other
$1,559,934
$1,824,478
+17%
Total Expenses
$5,884,833
$6,681,172
+14%
Net income
2023
2024
Change
Net income
+$2,671,372
+$2,338,621
-12%
Functional Expenses
Summary
2023
2024
Change
Program
$4,833,660
$5,703,097
+18%
Admin
$544,750
$647,969
+19%
Fundraising
$506,423
$330,106
-35%
Total Expenses
$5,884,833
$6,681,172
+14%
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