FAITHFUL FRIENDS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,878,200
Contributions
57%
Government Grants
17%
Program Services
14%
Other
11%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,572,981
Salaries & Benefits
60%
Other
22%
Depreciation
8%
Offices, Occupancy & IT
6%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,990,008
$2,761,765
-8%
Government Grants
$212,083
$833,428
+293%
Fundraising Events
$0
$0
-
Program Services
$424,624
$689,213
+62%
Membership Dues
$0
$0
-
Investments
$30,505
$37,256
+22%
Other
$3,743,079
$556,538
-85%
Total Revenues
$7,400,299
$4,878,200
-34%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,285,640
$2,744,386
+20%
Fees to Service Providers
$27,606
$76,271
+176%
Advertising & Promotion
$19,638
$31,161
+59%
Offices, Occupancy & IT
$326,603
$284,877
-13%
Interest
$15,784
$63,546
+303%
Depreciation
$37,551
$383,392
+921%
Other
$938,473
$989,348
+5%
Total Expenses
$3,651,295
$4,572,981
+25%
Net income
2023
2024
Change
Net income
+$3,749,004
+$305,219
-92%
Functional Expenses
Summary
2023
2024
Change
Program
$3,047,198
$3,829,397
+26%
Admin
$85,895
$112,909
+31%
Fundraising
$518,202
$630,675
+22%
Total Expenses
$3,651,295
$4,572,981
+25%
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