Groundswell Fund
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$22,115,419
Contributions
95%
Investments
5%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$30,180,367
Grants
58%
Salaries & Benefits
27%
Other
8%
Fees to Service Providers
6%
Offices, Occupancy & IT
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$18,011,009
$21,012,444
+17%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$634,184
$1,102,928
+74%
Other
$0
$47
-
Total Revenues
$18,645,193
$22,115,419
+19%
Expenses
2023
2024
Change
Grants
$14,234,385
$17,596,586
+24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,344,971
$8,038,963
+27%
Fees to Service Providers
$1,355,466
$1,814,631
+34%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$385,257
$390,483
+1%
Interest
$0
$0
-
Depreciation
$36,060
$10,469
-71%
Other
$2,016,737
$2,329,235
+15%
Total Expenses
$24,372,876
$30,180,367
+24%
Net income
2023
2024
Change
Net income
-$5,727,683
-$8,064,948
-41%
Functional Expenses
Summary
2023
2024
Change
Program
$21,300,230
$26,270,615
+23%
Admin
$1,070,689
$1,516,849
+42%
Fundraising
$2,001,957
$2,392,903
+20%
Total Expenses
$24,372,876
$30,180,367
+24%
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