MINNDEPENDENT
MINNDEPENDENT
MINNDEPENDENT
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$882,073
Contributions
71%
Program Services
26%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$653,800
Salaries & Benefits
48%
Fees to Service Providers
24%
Other
12%
Offices, Occupancy & IT
9%
Grants
6%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$519,762
$629,511
+21%
Government Grants
$69,003
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$222,916
$228,892
+3%
Membership Dues
$0
$0
-
Investments
$1,471
$23,670
+1509%
Other
$0
$0
-
Total Revenues
$813,152
$882,073
+8%
Expenses
2023
2024
Change
Grants
$46,029
$39,869
-13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$300,058
$312,393
+4%
Fees to Service Providers
$192,171
$154,370
-20%
Advertising & Promotion
$5,990
$5,251
-12%
Offices, Occupancy & IT
$59,731
$61,724
+3%
Interest
$0
$0
-
Depreciation
$1,899
$1,899
+0%
Other
$76,319
$78,294
+3%
Total Expenses
$682,197
$653,800
-4%
Net income
2023
2024
Change
Net income
+$130,955
+$228,273
+74%
Functional Expenses
Summary
2023
2024
Change
Program
$434,258
$430,621
-1%
Admin
$185,437
$155,990
-16%
Fundraising
$62,502
$67,189
+7%
Total Expenses
$682,197
$653,800
-4%
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