NORWEGIAN REFUGEE COUNCIL USA

Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,639,823
Contributions
95%
Government Grants
5%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$7,773,265
Grants
62%
Salaries & Benefits
31%
Other
3%
Offices, Occupancy & IT
2%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$5,916,289
$6,295,506
+6%
Government Grants
$580,138
$344,317
-41%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$6,496,427
$6,639,823
+2%
Expenses
2023
2024
Change
Grants
$4,558,687
$4,839,130
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,887,000
$2,430,846
+29%
Fees to Service Providers
$161,453
$128,696
-20%
Advertising & Promotion
$2,159
$2,356
+9%
Offices, Occupancy & IT
$189,969
$167,651
-12%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$224,980
$204,586
-9%
Total Expenses
$7,024,248
$7,773,265
+11%
Net income
2023
2024
Change
Net income
-$527,821
-$1,133,442
-115%
Functional Expenses
Summary
2023
2024
Change
Program
$6,125,760
$6,972,598
+14%
Admin
$753,037
$653,313
-13%
Fundraising
$145,451
$147,354
+1%
Total Expenses
$7,024,248
$7,773,265
+11%
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