LA PROMISE FUND
LA PROMISE FUND
LA PROMISE FUND
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$19,518,864
Contributions
70%
Government Grants
23%
Investments
4%
Other
3%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$15,946,369
Salaries & Benefits
59%
Other
13%
Offices, Occupancy & IT
12%
Fees to Service Providers
12%
Grants
3%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$9,707,260
$13,614,603
+40%
Government Grants
$5,092,313
$4,471,168
-12%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$458,633
$875,668
+91%
Other
-$1,512,208
$557,425
-137%
Total Revenues
$13,745,998
$19,518,864
+42%
Expenses
2023
2024
Change
Grants
$911,844
$516,763
-43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,948,135
$9,473,134
+6%
Fees to Service Providers
$1,496,365
$1,869,914
+25%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,770,443
$1,992,321
+13%
Interest
$0
$0
-
Depreciation
$47,182
$45,819
-3%
Other
$2,128,666
$2,048,418
-4%
Total Expenses
$15,302,635
$15,946,369
+4%
Net income
2023
2024
Change
Net income
-$1,556,637
+$3,572,495
-330%
Functional Expenses
Summary
2023
2024
Change
Program
$12,714,208
$12,400,230
-2%
Admin
$2,207,809
$3,052,740
+38%
Fundraising
$380,618
$493,399
+30%
Total Expenses
$15,302,635
$15,946,369
+4%
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