THE GEM FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$997,940
Contributions
98%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,131,709
Grants
72%
Other
17%
Salaries & Benefits
6%
Fees to Service Providers
3%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,074,989
$978,061
-9%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$6,127
$19,879
+224%
Other
$0
$0
-
Total Revenues
$1,081,116
$997,940
-8%
Expenses
2023
2024
Change
Grants
$712,134
$814,503
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$76,827
$64,203
-16%
Fees to Service Providers
$26,212
$30,126
+15%
Advertising & Promotion
$7,188
$10,012
+39%
Offices, Occupancy & IT
$10,966
$17,616
+61%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$111,122
$195,249
+76%
Total Expenses
$944,449
$1,131,709
+20%
Net income
2023
2024
Change
Net income
+$136,667
-$133,769
-198%
Functional Expenses
Summary
2023
2024
Change
Program
$871,559
$1,026,445
+18%
Admin
$41,241
$74,879
+82%
Fundraising
$31,649
$30,385
-4%
Total Expenses
$944,449
$1,131,709
+20%
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