STRONGMINDS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$9,289,461
Contributions
97%
Investments
3%
Government Grants
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$9,651,790
Grants
68%
Salaries & Benefits
22%
Fees to Service Providers
5%
Offices, Occupancy & IT
3%
Other
2%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$8,451,728
$9,038,939
+7%
Government Grants
$0
$17,688
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$283,515
$232,834
-18%
Other
$1,697
$0
-100%
Total Revenues
$8,736,940
$9,289,461
+6%
Expenses
2023
2024
Change
Grants
$6,262,294
$6,557,192
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,747,411
$2,160,437
+24%
Fees to Service Providers
$803,700
$515,889
-36%
Advertising & Promotion
$60,047
$15,813
-74%
Offices, Occupancy & IT
$169,514
$249,564
+47%
Interest
$26
$0
-100%
Depreciation
$8,119
$7,926
-2%
Other
$231,646
$144,969
-37%
Total Expenses
$9,282,757
$9,651,790
+4%
Net income
2023
2024
Change
Net income
-$545,817
-$362,329
+34%
Functional Expenses
Summary
2023
2024
Change
Program
$6,908,565
$7,220,414
+5%
Admin
$1,584,921
$1,422,055
-10%
Fundraising
$789,271
$1,009,321
+28%
Total Expenses
$9,282,757
$9,651,790
+4%
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