INDEPENDENCE FIRST INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$23,992,310
Program Services
89%
Other
5%
Government Grants
4%
Contributions
1%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$24,229,748
Salaries & Benefits
86%
Offices, Occupancy & IT
6%
Fees to Service Providers
4%
Other
3%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$438,356
$304,181
-31%
Government Grants
$1,211,522
$862,520
-29%
Fundraising Events
$49,192
$3,300
-93%
Program Services
$22,401,750
$21,322,142
-5%
Membership Dues
$0
$0
-
Investments
$215,009
$265,124
+23%
Other
$895,419
$1,235,043
+38%
Total Revenues
$25,211,248
$23,992,310
-5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,121,737
$20,899,615
-6%
Fees to Service Providers
$893,597
$880,858
-1%
Advertising & Promotion
$192,222
$82,749
-57%
Offices, Occupancy & IT
$1,050,384
$1,403,532
+34%
Interest
$0
$0
-
Depreciation
$218,141
$156,141
-28%
Other
$461,878
$806,853
+75%
Total Expenses
$24,937,959
$24,229,748
-3%
Net income
2023
2024
Change
Net income
+$273,289
-$237,438
-187%
Functional Expenses
Summary
2023
2024
Change
Program
$20,526,229
$19,619,470
-4%
Admin
$3,930,124
$4,069,315
+4%
Fundraising
$481,606
$540,963
+12%
Total Expenses
$24,937,959
$24,229,748
-3%
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