KARAM FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,793,682
Contributions
98%
Investments
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,822,380
Salaries & Benefits
42%
Grants
35%
Fees to Service Providers
12%
Other
6%
Offices, Occupancy & IT
4%
Depreciation
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,552,748
$1,760,516
-61%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$29,675
-
Other
$10,089
$3,491
-65%
Total Revenues
$4,562,837
$1,793,682
-61%
Expenses
2023
2024
Change
Grants
$1,530,822
$1,322,165
-14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,338,348
$1,605,928
+20%
Fees to Service Providers
$450,404
$471,024
+5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$92,683
$164,936
+78%
Interest
$0
$0
-
Depreciation
$61,081
$44,747
-27%
Other
$274,317
$213,580
-22%
Total Expenses
$3,747,655
$3,822,380
+2%
Net income
2023
2024
Change
Net income
+$815,182
-$2,028,698
-349%
Functional Expenses
Summary
2023
2024
Change
Program
$2,929,393
$2,997,842
+2%
Admin
$374,777
$403,479
+8%
Fundraising
$443,485
$421,059
-5%
Total Expenses
$3,747,655
$3,822,380
+2%
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