BENEFICIAL STATE FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,346,285
Contributions
52%
Other
26%
Government Grants
18%
Investments
5%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,623,982
Salaries & Benefits
52%
Offices, Occupancy & IT
18%
Fees to Service Providers
17%
Grants
8%
Other
5%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$2,776,767
-
Government Grants
$4,254,748
$953,816
-78%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$241,930
$241,954
+0%
Other
$3,028,609
$1,373,748
-55%
Total Revenues
$7,525,287
$5,346,285
-29%
Expenses
2023
2024
Change
Grants
$2,741,062
$446,345
-84%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,029,926
$2,939,133
-3%
Fees to Service Providers
$956,337
$939,644
-2%
Advertising & Promotion
$37,340
$3,818
-90%
Offices, Occupancy & IT
$731,295
$1,016,084
+39%
Interest
$0
$0
-
Depreciation
$16,360
$9,547
-42%
Other
$158,124
$269,411
+70%
Total Expenses
$7,670,444
$5,623,982
-27%
Net income
2023
2024
Change
Net income
-$145,157
-$277,697
-91%
Functional Expenses
Summary
2023
2024
Change
Program
$6,532,456
$4,545,298
-30%
Admin
$1,137,988
$1,078,684
-5%
Fundraising
$0
$0
-
Total Expenses
$7,670,444
$5,623,982
-27%
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