FREEDOMWORKS FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$4,607,322
Contributions
>99%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2023
$4,556,267
Salaries & Benefits
54%
Offices, Occupancy & IT
24%
Fees to Service Providers
13%
Other
8%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2022
2023
Change
Contributions
$7,139,619
$4,603,649
-36%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$4,580
$3,673
-20%
Other
$42,147
$0
-100%
Total Revenues
$7,186,346
$4,607,322
-36%
Expenses
2022
2023
Change
Grants
$33,656
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,698,869
$2,481,981
-33%
Fees to Service Providers
$1,733,767
$604,955
-65%
Advertising & Promotion
$144,954
$31,436
-78%
Offices, Occupancy & IT
$1,021,423
$1,079,666
+6%
Interest
$0
$0
-
Depreciation
$4,948
$0
-100%
Other
$1,786,226
$358,229
-80%
Total Expenses
$8,423,843
$4,556,267
-46%
Net income
2022
2023
Change
Net income
-$1,237,497
+$51,055
-104%
Functional Expenses
Summary
2022
2023
Change
Program
$7,937,817
$4,290,899
-46%
Admin
$289,723
$173,231
-40%
Fundraising
$196,303
$92,137
-53%
Total Expenses
$8,423,843
$4,556,267
-46%
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