THE RIDC REGIONAL GROWTH FUND
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$16,090,072
Program Services
90%
Government Grants
9%
Other
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$14,618,441
Other
56%
Depreciation
32%
Fees to Service Providers
6%
Interest
5%
Offices, Occupancy & IT
<1%
Salaries & Benefits
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$955,302
$1,494,698
+56%
Fundraising Events
$0
$0
-
Program Services
$16,554,674
$14,559,196
-12%
Membership Dues
$0
$0
-
Investments
$3,993
$3,944
-1%
Other
$8,803
$32,234
+266%
Total Revenues
$17,522,772
$16,090,072
-8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$105
$2,050
+1852%
Fees to Service Providers
$1,230,899
$897,968
-27%
Advertising & Promotion
$905
$846
-7%
Offices, Occupancy & IT
$28,030
$20,962
-25%
Interest
$728,446
$802,091
+10%
Depreciation
$4,501,735
$4,719,850
+5%
Other
$8,144,158
$8,174,674
+0%
Total Expenses
$14,634,278
$14,618,441
0%
Net income
2023
2024
Change
Net income
+$2,888,494
+$1,471,631
-49%
Functional Expenses
Summary
2023
2024
Change
Program
$13,411,106
$13,662,325
+2%
Admin
$1,223,172
$956,116
-22%
Fundraising
$0
$0
-
Total Expenses
$14,634,278
$14,618,441
0%
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