THE RACHEL COVEY FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,440,968
Contributions
56%
Program Services
24%
Government Grants
10%
Other
9%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,337,306
Salaries & Benefits
40%
Fees to Service Providers
17%
Other
16%
Depreciation
13%
Grants
8%
Offices, Occupancy & IT
4%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$703,247
$813,552
+16%
Government Grants
$165,044
$148,000
-10%
Fundraising Events
$245,462
$0
-100%
Program Services
$330,990
$347,685
+5%
Membership Dues
$0
$0
-
Investments
$2,141
$5,113
+139%
Other
-$41,932
$126,618
-402%
Total Revenues
$1,404,952
$1,440,968
+3%
Expenses
2023
2024
Change
Grants
$49,150
$105,200
+114%
Benefits to Members
$0
$0
-
Salaries & Benefits
$580,088
$532,313
-8%
Fees to Service Providers
$174,672
$230,035
+32%
Advertising & Promotion
$14,902
$16,975
+14%
Offices, Occupancy & IT
$39,527
$57,073
+44%
Interest
$0
$0
-
Depreciation
$157,725
$177,843
+13%
Other
$256,689
$217,867
-15%
Total Expenses
$1,272,753
$1,337,306
+5%
Net income
2023
2024
Change
Net income
+$132,199
+$103,662
-22%
Functional Expenses
Summary
2023
2024
Change
Program
$1,089,176
$935,329
-14%
Admin
$62,587
$267,175
+327%
Fundraising
$120,990
$134,802
+11%
Total Expenses
$1,272,753
$1,337,306
+5%
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