VIRGINIA LAW FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,400,699
Program Services
72%
Other
16%
Investments
9%
Contributions
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,026,519
Salaries & Benefits
52%
Other
22%
Grants
10%
Offices, Occupancy & IT
7%
Fees to Service Providers
5%
Advertising & Promotion
2%
Depreciation
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$162,418
$148,432
-9%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$4,953,583
$4,599,700
-7%
Membership Dues
$0
$0
-
Investments
$531,382
$604,269
+14%
Other
$36,766
$1,048,298
+2751%
Total Revenues
$5,684,149
$6,400,699
+13%
Expenses
2023
2024
Change
Grants
$746,190
$714,200
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,657,254
$3,642,415
0%
Fees to Service Providers
$147,276
$368,034
+150%
Advertising & Promotion
$170,000
$157,092
-8%
Offices, Occupancy & IT
$502,355
$502,612
+0%
Interest
$0
$0
-
Depreciation
$115,302
$102,620
-11%
Other
$1,540,631
$1,539,546
0%
Total Expenses
$6,879,008
$7,026,519
+2%
Net income
2023
2024
Change
Net income
-$1,194,859
-$625,820
+48%
Functional Expenses
Summary
2023
2024
Change
Program
$4,804,586
$4,427,014
-8%
Admin
$2,027,752
$2,549,725
+26%
Fundraising
$46,670
$49,780
+7%
Total Expenses
$6,879,008
$7,026,519
+2%
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