THE RESEARCH FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,602,573
Other
50%
Investments
33%
Contributions
13%
Fundraising Events
3%
Government Grants
1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,163,127
Grants
57%
Salaries & Benefits
34%
Fees to Service Providers
5%
Other
2%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$887,201
$967,887
+9%
Government Grants
$0
$100,354
-
Fundraising Events
$175,025
$201,485
+15%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,403,763
$2,543,958
+6%
Other
$246,514
$3,788,889
+1437%
Total Revenues
$3,712,503
$7,602,573
+105%
Expenses
2023
2024
Change
Grants
$1,533,450
$1,791,986
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$973,131
$1,084,623
+11%
Fees to Service Providers
$167,432
$165,944
-1%
Advertising & Promotion
$17,673
$16,903
-4%
Offices, Occupancy & IT
$42,404
$41,797
-1%
Interest
$0
$0
-
Depreciation
$9,178
$9,605
+5%
Other
$71,084
$52,269
-26%
Total Expenses
$2,814,352
$3,163,127
+12%
Net income
2023
2024
Change
Net income
+$898,151
+$4,439,446
+394%
Functional Expenses
Summary
2023
2024
Change
Program
$2,285,121
$2,613,240
+14%
Admin
$374,001
$367,381
-2%
Fundraising
$155,230
$182,506
+18%
Total Expenses
$2,814,352
$3,163,127
+12%
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