THE CARMEL HILL FUND
THE CARMEL HILL FUND
THE CARMEL HILL FUND
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$55,140,787
Other
87%
Investments
12%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$22,364,086
Grants
45%
Salaries & Benefits
25%
Other
20%
Fees to Service Providers
7%
Offices, Occupancy & IT
3%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$539,039
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$5,520,722
$6,650,842
+20%
Other
$4,785,633
$47,950,906
+902%
Total Revenues
$10,306,355
$55,140,787
+435%
Expenses
2023
2024
Change
Grants
$4,038,888
$10,123,300
+151%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,421,358
$5,623,260
+4%
Fees to Service Providers
$1,461,098
$1,545,583
+6%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$329,082
$560,358
+70%
Interest
$0
$0
-
Depreciation
$117,107
$124,939
+7%
Other
$5,313,272
$4,386,646
-17%
Total Expenses
$16,680,805
$22,364,086
+34%
Net income
2023
2024
Change
Net income
-$6,374,450
+$32,776,701
-614%
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