Guitars For Vets Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$979,355
Contributions
92%
Other
7%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,374,388
Other
44%
Salaries & Benefits
43%
Fees to Service Providers
9%
Offices, Occupancy & IT
4%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,067,567
$896,347
-16%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$10,949
$18,447
+68%
Other
$115,479
$64,561
-44%
Total Revenues
$1,193,995
$979,355
-18%
Expenses
2023
2024
Change
Grants
$120,650
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$425,564
$591,666
+39%
Fees to Service Providers
$67,406
$122,791
+82%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$44,070
$58,047
+32%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$457,189
$601,884
+32%
Total Expenses
$1,114,879
$1,374,388
+23%
Net income
2023
2024
Change
Net income
+$79,116
-$395,033
-599%
Functional Expenses
Summary
2023
2024
Change
Program
$749,268
$846,338
+13%
Admin
$108,616
$175,234
+61%
Fundraising
$256,995
$352,816
+37%
Total Expenses
$1,114,879
$1,374,388
+23%
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