Logo for "The Merchants Fund of Philadelphia"

The Merchants Fund of Philadelphia

The Merchants Fund of Philadelphia

Philadelphia, PA, US
501(c)(3)
EIN
23-1584975
Regional Funder
Logo for "The Merchants Fund of Philadelphia"

The Merchants Fund of Philadelphia

Philadelphia, PA, US
501(c)(3)
EIN
23-1584975
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,845,017

Investments
49%
Government Grants
46%
Contributions
6%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$1,145,083

Grants
58%
Salaries & Benefits
26%
Fees to Service Providers
8%
Advertising & Promotion
4%
Offices, Occupancy & IT
3%
Other
1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$191,325
$106,550
-44%
Government Grants
$1,000,000
$842,014
-16%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$440,812
$896,453
+103%
Other
$0
$0
-
Total Revenues
$1,632,137
$1,845,017
+13%
Expenses
2023
2024
Change
Grants
$1,392,430
$661,544
-52%
Benefits to Members
$0
$0
-
Salaries & Benefits
$275,797
$296,862
+8%
Fees to Service Providers
$43,494
$88,713
+104%
Advertising & Promotion
$3,324
$45,058
+1256%
Offices, Occupancy & IT
$28,763
$38,568
+34%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$28,138
$14,338
-49%
Total Expenses
$1,771,946
$1,145,083
-35%
Net income
2023
2024
Change
Net income
-$139,809
+$699,934
-601%
Functional Expenses
Summary
2023
2024
Change
Program
$1,641,656
$921,869
-44%
Admin
$119,056
$203,463
+71%
Fundraising
$11,234
$19,751
+76%
Total Expenses
$1,771,946
$1,145,083
-35%
Income Statement
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