AL-FURQAAN FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2020
$3,249,437
Contributions
64%
Program Services
29%
Other
6%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2020
$2,547,450
Salaries & Benefits
47%
Other
35%
Advertising & Promotion
8%
Offices, Occupancy & IT
7%
Depreciation
3%
Fees to Service Providers
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2019
2020
Change
Contributions
$2,181,841
$2,073,542
-5%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,108,450
$928,213
-16%
Membership Dues
$0
$0
-
Investments
$0
$40,384
-
Other
$80,168
$207,298
+159%
Total Revenues
$3,370,459
$3,249,437
-4%
Expenses
2019
2020
Change
Grants
$11,425
$9,200
-19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,193,553
$1,193,966
+0%
Fees to Service Providers
$10,278
$13,022
+27%
Advertising & Promotion
$108,402
$213,437
+97%
Offices, Occupancy & IT
$206,334
$169,443
-18%
Interest
$0
$0
-
Depreciation
$62,398
$68,226
+9%
Other
$1,496,804
$880,156
-41%
Total Expenses
$3,089,194
$2,547,450
-18%
Net income
2019
2020
Change
Net income
+$281,265
+$701,987
+150%
Functional Expenses
Summary
2019
2020
Change
Program
$2,742,002
$2,327,734
-15%
Admin
$278,722
$180,676
-35%
Fundraising
$68,470
$39,040
-43%
Total Expenses
$3,089,194
$2,547,450
-18%
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