THE ZAKAT FOUNDATION OF AMERICA
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,778,597
Contributions
>99%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$28,577,163
Grants
60%
Salaries & Benefits
15%
Offices, Occupancy & IT
9%
Other
6%
Advertising & Promotion
5%
Fees to Service Providers
4%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$29,480,326
$37,661,233
+28%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$6,707
$4,150
-38%
Other
$11,021
$113,214
+927%
Total Revenues
$29,498,054
$37,778,597
+28%
Expenses
2023
2024
Change
Grants
$11,317,726
$17,288,932
+53%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,619,668
$4,238,018
+17%
Fees to Service Providers
$879,381
$1,032,048
+17%
Advertising & Promotion
$539,005
$1,456,812
+170%
Offices, Occupancy & IT
$1,788,211
$2,652,000
+48%
Interest
$0
$0
-
Depreciation
$107,339
$113,036
+5%
Other
$955,990
$1,796,317
+88%
Total Expenses
$19,207,320
$28,577,163
+49%
Net income
2023
2024
Change
Net income
+$10,290,734
+$9,201,434
-11%
Functional Expenses
Summary
2023
2024
Change
Program
$17,349,000
$26,051,157
+50%
Admin
$793,583
$968,050
+22%
Fundraising
$1,064,737
$1,557,956
+46%
Total Expenses
$19,207,320
$28,577,163
+49%
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