THE TROY FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$13,454,469
Contributions
63%
Investments
22%
Other
15%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$11,383,097
Grants
88%
Salaries & Benefits
6%
Fees to Service Providers
4%
Other
1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$8,043,744
$8,412,126
+5%
Government Grants
$0
$0
-
Fundraising Events
$80,701
$64,310
-20%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,851,408
$2,969,328
+4%
Other
$988,566
$2,008,705
+103%
Total Revenues
$11,964,419
$13,454,469
+12%
Expenses
2023
2024
Change
Grants
$9,118,432
$9,993,458
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$549,081
$630,977
+15%
Fees to Service Providers
$345,367
$446,497
+29%
Advertising & Promotion
$30,521
$91,492
+200%
Offices, Occupancy & IT
$87,487
$95,516
+9%
Interest
$0
$0
-
Depreciation
$2,722
$2,722
+0%
Other
$162,370
$122,435
-25%
Total Expenses
$10,295,980
$11,383,097
+11%
Net income
2023
2024
Change
Net income
+$1,668,439
+$2,071,372
+24%
Functional Expenses
Summary
2023
2024
Change
Program
$9,422,652
$9,993,458
+6%
Admin
$873,328
$1,389,639
+59%
Fundraising
$0
$0
-
Total Expenses
$10,295,980
$11,383,097
+11%
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