THE FOUNDATION FOR AMERICAN INNOVATION
THE FOUNDATION FOR AMERICAN INNOVATION
THE FOUNDATION FOR AMERICAN INNOVATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,149,927
Contributions
>99%
Program Services
<1%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,719,664
Salaries & Benefits
56%
Fees to Service Providers
19%
Other
16%
Offices, Occupancy & IT
9%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,542,134
$5,106,107
+44%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,949
$42,816
+984%
Membership Dues
$0
$0
-
Investments
$133,621
$74
-100%
Other
$0
$930
-
Total Revenues
$3,679,704
$5,149,927
+40%
Expenses
2023
2024
Change
Grants
$0
$9,500
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,932,163
$2,066,207
+7%
Fees to Service Providers
$774,357
$715,453
-8%
Advertising & Promotion
$16,883
$5,670
-66%
Offices, Occupancy & IT
$253,688
$317,810
+25%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$383,140
$605,024
+58%
Total Expenses
$3,360,231
$3,719,664
+11%
Net income
2023
2024
Change
Net income
+$319,473
+$1,430,263
+348%
Functional Expenses
Summary
2023
2024
Change
Program
$2,588,861
$2,876,107
+11%
Admin
$469,528
$545,134
+16%
Fundraising
$301,842
$298,423
-1%
Total Expenses
$3,360,231
$3,719,664
+11%
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