BOREALIS PHILANTHROPY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$42,473,306
Contributions
97%
Investments
1%
Other
1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$54,652,165
Grants
73%
Salaries & Benefits
15%
Fees to Service Providers
6%
Other
3%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$37,316,529
$41,274,648
+11%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,050,446
$635,023
-69%
Other
$0
$563,635
-
Total Revenues
$39,366,975
$42,473,306
+8%
Expenses
2023
2024
Change
Grants
$32,822,917
$40,129,865
+22%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,109,113
$8,260,814
+16%
Fees to Service Providers
$2,218,732
$3,518,990
+59%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$719,644
$848,691
+18%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,689,760
$1,893,805
+12%
Total Expenses
$44,560,166
$54,652,165
+23%
Net income
2023
2024
Change
Net income
-$5,193,191
-$12,178,859
-135%
Functional Expenses
Summary
2023
2024
Change
Program
$38,948,017
$45,117,965
+16%
Admin
$5,101,314
$8,601,630
+69%
Fundraising
$510,835
$932,570
+83%
Total Expenses
$44,560,166
$54,652,165
+23%
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