THE FORBES FUNDS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,683,390
Other
61%
Program Services
24%
Investments
14%
Membership Dues
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$2,320,380
Salaries & Benefits
45%
Fees to Service Providers
29%
Other
12%
Grants
7%
Offices, Occupancy & IT
6%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,500,870
$0
-100%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$230,091
$409,680
+78%
Membership Dues
$35,853
$16,529
-54%
Investments
$267,282
$232,254
-13%
Other
$621,335
$1,024,927
+65%
Total Revenues
$2,655,431
$1,683,390
-37%
Expenses
2023
2024
Change
Grants
$210,000
$170,000
-19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$957,316
$1,051,642
+10%
Fees to Service Providers
$829,094
$682,273
-18%
Advertising & Promotion
$9,645
$3,380
-65%
Offices, Occupancy & IT
$98,056
$130,229
+33%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$489,135
$282,856
-42%
Total Expenses
$2,593,246
$2,320,380
-11%
Net income
2023
2024
Change
Net income
+$62,185
-$636,990
-1124%
Functional Expenses
Summary
2023
2024
Change
Program
$1,931,750
$1,663,580
-14%
Admin
$536,185
$536,704
+0%
Fundraising
$125,311
$120,096
-4%
Total Expenses
$2,593,246
$2,320,380
-11%
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