FRANKLIN NEWS FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,756,520
Contributions
98%
Other
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$5,426,924
Salaries & Benefits
67%
Fees to Service Providers
26%
Other
3%
Advertising & Promotion
2%
Offices, Occupancy & IT
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$4,705,392
$5,640,900
+20%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$111,294
$115,620
+4%
Total Revenues
$4,816,686
$5,756,520
+20%
Expenses
2023
2024
Change
Grants
$500
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,219,978
$3,643,480
+13%
Fees to Service Providers
$1,586,535
$1,418,246
-11%
Advertising & Promotion
$324,997
$109,915
-66%
Offices, Occupancy & IT
$70,752
$84,910
+20%
Interest
$13,252
$27,839
+110%
Depreciation
$0
$0
-
Other
$98,878
$142,534
+44%
Total Expenses
$5,314,892
$5,426,924
+2%
Net income
2023
2024
Change
Net income
-$498,206
+$329,596
-166%
Functional Expenses
Summary
2023
2024
Change
Program
$4,644,792
$4,469,731
-4%
Admin
$418,935
$533,519
+27%
Fundraising
$251,165
$423,674
+69%
Total Expenses
$5,314,892
$5,426,924
+2%
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