OPPORTUNITY FINANCE NETWORK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,333,785,289
Government Grants
98%
Program Services
1%
Contributions
<1%
Investments
<1%
Other
<1%
Membership Dues
<1%
Fundraising Events
0%
Expenses in 2024
$40,955,651
Grants
36%
Salaries & Benefits
25%
Other
14%
Fees to Service Providers
11%
Offices, Occupancy & IT
8%
Interest
6%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$2,475,834
$9,831,150
+297%
Government Grants
$3,640,000
$2,290,718,258
+62832%
Fundraising Events
$0
$0
-
Program Services
$12,841,534
$27,588,449
+115%
Membership Dues
$926,626
$1,048,741
+13%
Investments
$4,067,079
$3,520,456
-13%
Other
$1,020,246
$1,078,235
+6%
Total Revenues
$24,971,319
$2,333,785,289
+9246%
Expenses
2023
2024
Change
Grants
$15,225,000
$14,800,000
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,153,891
$10,302,658
+44%
Fees to Service Providers
$1,520,014
$4,409,194
+190%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,456,466
$3,178,801
+118%
Interest
$1,963,372
$2,316,483
+18%
Depreciation
$163,286
$157,836
-3%
Other
$3,751,232
$5,790,679
+54%
Total Expenses
$31,233,261
$40,955,651
+31%
Net income
2023
2024
Change
Net income
-$6,261,942
+$2,292,829,638
-36715%
Functional Expenses
Summary
2023
2024
Change
Program
$28,849,884
$35,044,613
+21%
Admin
$1,863,010
$5,249,940
+182%
Fundraising
$520,367
$661,098
+27%
Total Expenses
$31,233,261
$40,955,651
+31%
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