FOUNDATION FOR TACOMA STUDENTS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,286,080
Program Services
64%
Contributions
34%
Other
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$4,402,000
Salaries & Benefits
45%
Grants
26%
Other
16%
Fees to Service Providers
6%
Offices, Occupancy & IT
6%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,707,412
$1,439,229
-47%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$63,736
$2,727,943
+4180%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$59,042
$118,908
+101%
Total Revenues
$2,830,190
$4,286,080
+51%
Expenses
2023
2024
Change
Grants
$991,009
$1,155,842
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,692,427
$1,967,218
+16%
Fees to Service Providers
$915,879
$248,320
-73%
Advertising & Promotion
$79,251
$54,132
-32%
Offices, Occupancy & IT
$308,825
$246,662
-20%
Interest
$0
$0
-
Depreciation
$12,770
$9,556
-25%
Other
$163,935
$720,270
+339%
Total Expenses
$4,164,096
$4,402,000
+6%
Net income
2023
2024
Change
Net income
-$1,333,906
-$115,920
+91%
Functional Expenses
Summary
2023
2024
Change
Program
$3,027,196
$3,214,225
+6%
Admin
$887,688
$798,381
-10%
Fundraising
$249,212
$389,394
+56%
Total Expenses
$4,164,096
$4,402,000
+6%
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