TRUE FRIENDS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,079,500
Program Services
48%
Contributions
35%
Other
10%
Fundraising Events
5%
Investments
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$8,492,219
Salaries & Benefits
57%
Other
12%
Fees to Service Providers
11%
Offices, Occupancy & IT
10%
Depreciation
8%
Advertising & Promotion
2%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,154,859
$3,568,713
-50%
Government Grants
$0
$0
-
Fundraising Events
$451,269
$462,296
+2%
Program Services
$4,439,368
$4,808,019
+8%
Membership Dues
$0
$0
-
Investments
$19,068
$187,204
+882%
Other
$1,186,899
$1,053,268
-11%
Total Revenues
$13,251,463
$10,079,500
-24%
Expenses
2023
2024
Change
Grants
$63,273
$48,705
-23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,642,125
$4,845,060
+4%
Fees to Service Providers
$707,862
$950,305
+34%
Advertising & Promotion
$126,077
$144,483
+15%
Offices, Occupancy & IT
$896,933
$819,688
-9%
Interest
$12,191
$12,940
+6%
Depreciation
$667,654
$670,959
+0%
Other
$949,189
$1,000,079
+5%
Total Expenses
$8,065,304
$8,492,219
+5%
Net income
2023
2024
Change
Net income
+$5,186,159
+$1,587,281
-69%
Functional Expenses
Summary
2023
2024
Change
Program
$6,857,643
$7,351,807
+7%
Admin
$189,026
$207,540
+10%
Fundraising
$1,018,635
$932,872
-8%
Total Expenses
$8,065,304
$8,492,219
+5%
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