IOWA FFA ASSOCIATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$1,181,404
Membership Dues
31%
Contributions
30%
Program Services
25%
Government Grants
12%
Investments
2%
Other
<1%
Fundraising Events
0%
Expenses in 2024
$1,152,203
Fees to Service Providers
48%
Other
43%
Offices, Occupancy & IT
8%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$307,179
$351,858
+15%
Government Grants
$94,371
$141,413
+50%
Fundraising Events
$0
$0
-
Program Services
$272,040
$295,023
+8%
Membership Dues
$336,576
$366,367
+9%
Investments
$8,843
$19,227
+117%
Other
$1,112
$7,516
+576%
Total Revenues
$1,020,121
$1,181,404
+16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$404,763
$555,841
+37%
Advertising & Promotion
$2,307
$5,282
+129%
Offices, Occupancy & IT
$75,321
$93,439
+24%
Interest
$0
$0
-
Depreciation
$2,738
$3,471
+27%
Other
$537,487
$494,170
-8%
Total Expenses
$1,022,616
$1,152,203
+13%
Net income
2023
2024
Change
Net income
-$2,495
+$29,201
-1270%
Functional Expenses
Summary
2023
2024
Change
Program
$531,671
$546,876
+3%
Admin
$490,945
$605,327
+23%
Fundraising
$0
$0
-
Total Expenses
$1,022,616
$1,152,203
+13%
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