SPARK MICROGRANTS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,705,723
Contributions
95%
Other
2%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$7,023,787
Salaries & Benefits
39%
Other
30%
Grants
17%
Fees to Service Providers
10%
Offices, Occupancy & IT
5%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$10,183,963
$7,342,515
-28%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$96,757
$181,129
+87%
Other
$56,240
$182,079
+224%
Total Revenues
$10,336,960
$7,705,723
-25%
Expenses
2023
2024
Change
Grants
$1,935,293
$1,177,770
-39%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,457,419
$2,710,201
+10%
Fees to Service Providers
$464,361
$702,512
+51%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$236,575
$347,304
+47%
Interest
$0
$0
-
Depreciation
$4,106
$4,753
+16%
Other
$2,604,485
$2,081,247
-20%
Total Expenses
$7,702,239
$7,023,787
-9%
Net income
2023
2024
Change
Net income
+$2,634,721
+$681,936
-74%
Functional Expenses
Summary
2023
2024
Change
Program
$5,975,696
$5,472,131
-8%
Admin
$1,142,437
$1,217,363
+7%
Fundraising
$584,106
$334,293
-43%
Total Expenses
$7,702,239
$7,023,787
-9%
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