THE PRINCIPLE FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,350,938
Contributions
46%
Program Services
40%
Other
10%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,618,340
Salaries & Benefits
50%
Grants
16%
Fees to Service Providers
16%
Offices, Occupancy & IT
10%
Other
6%
Depreciation
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,000,512
$1,528,837
+53%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,547,952
$1,351,417
-13%
Membership Dues
$0
$0
-
Investments
$105,399
$149,871
+42%
Other
$65,624
$320,813
+389%
Total Revenues
$2,719,487
$3,350,938
+23%
Expenses
2023
2024
Change
Grants
$465,353
$415,366
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,278,473
$1,301,530
+2%
Fees to Service Providers
$479,988
$410,961
-14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$257,298
$270,462
+5%
Interest
$0
$0
-
Depreciation
$49,654
$51,917
+5%
Other
$301,846
$168,104
-44%
Total Expenses
$2,832,612
$2,618,340
-8%
Net income
2023
2024
Change
Net income
-$113,125
+$732,598
-748%
Functional Expenses
Summary
2023
2024
Change
Program
$2,694,434
$2,389,677
-11%
Admin
$103,724
$176,224
+70%
Fundraising
$34,454
$52,439
+52%
Total Expenses
$2,832,612
$2,618,340
-8%
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