MIGHTY OAKS FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,644,710
Contributions
90%
Other
7%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$8,008,342
Salaries & Benefits
50%
Other
28%
Fees to Service Providers
14%
Advertising & Promotion
3%
Offices, Occupancy & IT
3%
Depreciation
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,682,535
$6,010,294
-31%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$113,612
$153,225
+35%
Other
$575,522
$481,191
-16%
Total Revenues
$9,371,669
$6,644,710
-29%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,211,495
$4,025,839
+25%
Fees to Service Providers
$1,166,409
$1,091,727
-6%
Advertising & Promotion
$331,876
$265,979
-20%
Offices, Occupancy & IT
$296,459
$259,674
-12%
Interest
$29,483
$28,488
-3%
Depreciation
$92,136
$116,490
+26%
Other
$4,429,105
$2,220,145
-50%
Total Expenses
$9,556,963
$8,008,342
-16%
Net income
2023
2024
Change
Net income
-$185,294
-$1,363,632
-636%
Functional Expenses
Summary
2023
2024
Change
Program
$7,516,081
$5,804,336
-23%
Admin
$1,139,129
$1,299,044
+14%
Fundraising
$901,753
$904,962
+0%
Total Expenses
$9,556,963
$8,008,342
-16%
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