FAR HILLS RACE MEETING ASSOCIATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,118,168
Program Services
92%
Government Grants
3%
Investments
2%
Other
1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,874,395
Other
81%
Grants
13%
Depreciation
6%
Fees to Service Providers
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$38,753
$35,841
-8%
Government Grants
$0
$122,068
-
Fundraising Events
$0
$0
-
Program Services
$3,319,496
$3,807,385
+15%
Membership Dues
$0
$0
-
Investments
$62,446
$92,095
+47%
Other
-$12,484
$60,779
-587%
Total Revenues
$3,408,211
$4,118,168
+21%
Expenses
2023
2024
Change
Grants
$465,600
$492,300
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$14,268
$16,941
+19%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$179,379
$213,841
+19%
Other
$3,049,602
$3,151,313
+3%
Total Expenses
$3,708,849
$3,874,395
+4%
Net income
2023
2024
Change
Net income
-$300,638
+$243,773
-181%
Functional Expenses
Summary
2023
2024
Change
Program
$3,109,873
$3,247,117
+4%
Admin
$598,976
$627,278
+5%
Fundraising
$0
$0
-
Total Expenses
$3,708,849
$3,874,395
+4%
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