VIRGINIA HORSE CENTER FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$8,106,823
Program Services
53%
Contributions
27%
Government Grants
15%
Other
5%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$6,920,403
Other
32%
Salaries & Benefits
24%
Fees to Service Providers
20%
Depreciation
13%
Interest
6%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,449,339
$2,208,482
+52%
Government Grants
$1,190,874
$1,196,723
+0%
Fundraising Events
$0
$0
-
Program Services
$4,245,917
$4,258,767
+0%
Membership Dues
$0
$0
-
Investments
$19,504
$12,420
-36%
Other
$453,576
$430,431
-5%
Total Revenues
$7,359,210
$8,106,823
+10%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,766,355
$1,653,381
-6%
Fees to Service Providers
$1,356,399
$1,414,823
+4%
Advertising & Promotion
$13,511
$16,465
+22%
Offices, Occupancy & IT
$314,642
$303,496
-4%
Interest
$425,659
$412,949
-3%
Depreciation
$838,738
$926,338
+10%
Other
$1,914,318
$2,192,951
+15%
Total Expenses
$6,629,622
$6,920,403
+4%
Net income
2024
2025
Change
Net income
+$729,588
+$1,186,420
+63%
Functional Expenses
Summary
2024
2025
Change
Program
$4,902,546
$5,260,123
+7%
Admin
$1,435,186
$1,359,808
-5%
Fundraising
$291,890
$300,472
+3%
Total Expenses
$6,629,622
$6,920,403
+4%
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