CHATTANOOGA CHAMBER FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,705,485
Government Grants
54%
Contributions
24%
Program Services
19%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,117,298
Salaries & Benefits
55%
Other
26%
Offices, Occupancy & IT
10%
Depreciation
5%
Advertising & Promotion
3%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,117,884
$1,367,190
-35%
Government Grants
$2,500,706
$3,095,133
+24%
Fundraising Events
$0
$0
-
Program Services
$982,829
$1,095,865
+12%
Membership Dues
$0
$0
-
Investments
$10,961
$10,398
-5%
Other
$289,866
$136,899
-53%
Total Revenues
$5,902,246
$5,705,485
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,980,446
$3,347,834
+12%
Fees to Service Providers
$833,128
$69,781
-92%
Advertising & Promotion
$207,688
$211,147
+2%
Offices, Occupancy & IT
$522,350
$583,936
+12%
Interest
$0
$0
-
Depreciation
$251,944
$308,671
+23%
Other
$731,979
$1,595,929
+118%
Total Expenses
$5,527,535
$6,117,298
+11%
Net income
2023
2024
Change
Net income
+$374,711
-$411,813
-210%
Functional Expenses
Summary
2023
2024
Change
Program
$4,342,680
$4,919,593
+13%
Admin
$685,243
$823,003
+20%
Fundraising
$499,612
$374,702
-25%
Total Expenses
$5,527,535
$6,117,298
+11%
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