QUILTS OF VALOR FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,046,773
Contributions
87%
Membership Dues
9%
Other
2%
Investments
1%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$1,856,056
Other
82%
Salaries & Benefits
13%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,396,828
$1,788,498
+28%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$45,065
$3,963
-91%
Membership Dues
$185,796
$188,539
+1%
Investments
$24,906
$26,878
+8%
Other
$60,567
$38,895
-36%
Total Revenues
$1,713,162
$2,046,773
+19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$221,587
$235,120
+6%
Fees to Service Providers
$39,219
$34,847
-11%
Advertising & Promotion
$4,098
$13,056
+219%
Offices, Occupancy & IT
$22,017
$51,257
+133%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,095,381
$1,521,776
+39%
Total Expenses
$1,382,302
$1,856,056
+34%
Net income
2023
2024
Change
Net income
+$330,860
+$190,717
-42%
Functional Expenses
Summary
2023
2024
Change
Program
$1,035,625
$1,498,783
+45%
Admin
$332,031
$338,196
+2%
Fundraising
$14,646
$19,077
+30%
Total Expenses
$1,382,302
$1,856,056
+34%
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