GRACE SCIENCE FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$943,011
Contributions
92%
Investments
8%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,519,386
Grants
88%
Fees to Service Providers
8%
Other
3%
Advertising & Promotion
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$783,225
$869,699
+11%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$43,401
$73,312
+69%
Other
$0
$0
-
Total Revenues
$826,626
$943,011
+14%
Expenses
2023
2024
Change
Grants
$1,133,449
$1,342,330
+18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$77,362
$117,399
+52%
Advertising & Promotion
$6,867
$5,000
-27%
Offices, Occupancy & IT
$2,739
$3,362
+23%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$68,757
$51,295
-25%
Total Expenses
$1,289,174
$1,519,386
+18%
Net income
2023
2024
Change
Net income
-$462,548
-$576,375
-25%
Functional Expenses
Summary
2023
2024
Change
Program
$1,133,449
$1,391,084
+23%
Admin
$155,725
$128,302
-18%
Fundraising
$0
$0
-
Total Expenses
$1,289,174
$1,519,386
+18%
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