INGALLS DEVELOPMENT FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,299,290
Other
68%
Fundraising Events
19%
Investments
13%
Contributions
1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,579,584
Other
51%
Grants
33%
Fees to Service Providers
15%
Advertising & Promotion
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$540,163
$35,299
-93%
Government Grants
$0
$0
-
Fundraising Events
$207,113
$613,511
+196%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$397,334
$421,005
+6%
Other
$1,073,921
$2,229,475
+108%
Total Revenues
$2,218,531
$3,299,290
+49%
Expenses
2023
2024
Change
Grants
$1,598,052
$1,192,199
-25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$885,184
$550,986
-38%
Advertising & Promotion
$4,893
$1,218
-75%
Offices, Occupancy & IT
$5,683
$971
-83%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,702,834
$1,834,210
+8%
Total Expenses
$4,196,646
$3,579,584
-15%
Net income
2023
2024
Change
Net income
-$1,978,115
-$280,294
+86%
Functional Expenses
Summary
2023
2024
Change
Program
$3,158,337
$3,254,009
+3%
Admin
$939,123
$325,573
-65%
Fundraising
$99,186
$2
-100%
Total Expenses
$4,196,646
$3,579,584
-15%
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