THE MCSHIN FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,403,607
Contributions
40%
Program Services
31%
Government Grants
27%
Other
1%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$4,089,547
Salaries & Benefits
37%
Other
32%
Grants
15%
Offices, Occupancy & IT
11%
Fees to Service Providers
3%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$741,139
$2,557,328
+245%
Government Grants
$745,305
$1,700,163
+128%
Fundraising Events
$5,015
$63,717
+1171%
Program Services
$1,859,531
$1,999,152
+8%
Membership Dues
$0
$0
-
Investments
$4,199
$3,206
-24%
Other
$19,171
$80,041
+318%
Total Revenues
$3,374,360
$6,403,607
+90%
Expenses
2023
2024
Change
Grants
$0
$618,025
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$886,503
$1,519,505
+71%
Fees to Service Providers
$89,091
$112,250
+26%
Advertising & Promotion
$50,062
$32,787
-35%
Offices, Occupancy & IT
$408,042
$444,554
+9%
Interest
$24,378
$22,378
-8%
Depreciation
$45,798
$50,411
+10%
Other
$1,723,617
$1,289,637
-25%
Total Expenses
$3,227,491
$4,089,547
+27%
Net income
2023
2024
Change
Net income
+$146,869
+$2,314,060
+1476%
Functional Expenses
Summary
2023
2024
Change
Program
$2,743,829
$3,815,779
+39%
Admin
$315,239
$208,079
-34%
Fundraising
$168,423
$65,689
-61%
Total Expenses
$3,227,491
$4,089,547
+27%
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