NATIONAL EQUITY FUND INCPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$85,480,265
Program Services
96%
Investments
3%
Other
1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$93,522,251
Salaries & Benefits
57%
Grants
19%
Fees to Service Providers
12%
Other
5%
Offices, Occupancy & IT
4%
Interest
2%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$81,909,278
$81,743,367
0%
Membership Dues
$0
$0
-
Investments
$2,473,113
$2,477,289
+0%
Other
$1,580,545
$1,259,609
-20%
Total Revenues
$85,962,936
$85,480,265
-1%
Expenses
2023
2024
Change
Grants
$17,537,575
$17,490,500
0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$47,784,732
$53,468,332
+12%
Fees to Service Providers
$11,573,831
$11,124,181
-4%
Advertising & Promotion
$1,308,099
$1,318,961
+1%
Offices, Occupancy & IT
$3,338,496
$3,453,065
+3%
Interest
$1,302,708
$1,428,183
+10%
Depreciation
$393,002
$626,752
+59%
Other
$6,802,268
$4,612,277
-32%
Total Expenses
$90,040,711
$93,522,251
+4%
Net income
2023
2024
Change
Net income
-$4,077,775
-$8,041,986
-97%
Functional Expenses
Summary
2023
2024
Change
Program
$80,115,478
$81,958,530
+2%
Admin
$9,925,233
$11,563,721
+17%
Fundraising
$0
$0
-
Total Expenses
$90,040,711
$93,522,251
+4%
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