THE FREEDOM FUND
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$19,705,081
Contributions
68%
Government Grants
23%
Investments
6%
Other
3%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$22,789,774
Grants
48%
Salaries & Benefits
27%
Fees to Service Providers
17%
Other
4%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$9,553,021
$13,419,245
+40%
Government Grants
$6,095,331
$4,434,444
-27%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,031,572
$1,173,557
+14%
Other
$65,530
$677,835
+934%
Total Revenues
$16,745,454
$19,705,081
+18%
Expenses
2023
2024
Change
Grants
$10,723,338
$10,847,966
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,478,680
$6,135,913
+12%
Fees to Service Providers
$4,302,758
$3,952,616
-8%
Advertising & Promotion
$133,335
$152,275
+14%
Offices, Occupancy & IT
$704,927
$668,141
-5%
Interest
$0
$0
-
Depreciation
$59,688
$89,500
+50%
Other
$1,097,040
$943,363
-14%
Total Expenses
$22,499,766
$22,789,774
+1%
Net income
2023
2024
Change
Net income
-$5,754,312
-$3,084,693
+46%
Functional Expenses
Summary
2023
2024
Change
Program
$17,949,783
$17,633,536
-2%
Admin
$2,463,565
$2,653,987
+8%
Fundraising
$2,086,418
$2,502,251
+20%
Total Expenses
$22,499,766
$22,789,774
+1%
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