SPRUCE ROOT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,064,509
Contributions
74%
Government Grants
14%
Investments
6%
Program Services
4%
Other
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,040,398
Salaries & Benefits
45%
Fees to Service Providers
20%
Grants
18%
Other
12%
Offices, Occupancy & IT
3%
Interest
2%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$5,708,162
$8,957,224
+57%
Government Grants
$2,169,516
$1,656,187
-24%
Fundraising Events
$0
$0
-
Program Services
$286,917
$427,138
+49%
Membership Dues
$0
$0
-
Investments
$678,888
$716,935
+6%
Other
$70,707
$307,025
+334%
Total Revenues
$8,914,190
$12,064,509
+35%
Expenses
2023
2024
Change
Grants
$1,021,540
$907,991
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,850,008
$2,279,217
+23%
Fees to Service Providers
$562,435
$1,021,931
+82%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$133,668
$162,500
+22%
Interest
$32,807
$86,267
+163%
Depreciation
$0
$0
-
Other
$396,611
$582,492
+47%
Total Expenses
$3,997,069
$5,040,398
+26%
Net income
2023
2024
Change
Net income
+$4,917,121
+$7,024,111
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$3,136,173
$4,004,526
+28%
Admin
$603,459
$747,819
+24%
Fundraising
$257,437
$288,053
+12%
Total Expenses
$3,997,069
$5,040,398
+26%
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