RAZA DEVELOPMENT FUND INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$25,660,512
Program Services
82%
Investments
12%
Contributions
3%
Other
1%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$23,615,314
Interest
33%
Salaries & Benefits
30%
Other
16%
Fees to Service Providers
13%
Grants
5%
Offices, Occupancy & IT
1%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$334,000
$827,500
+148%
Government Grants
$6,197,097
$300,000
-95%
Fundraising Events
$0
$0
-
Program Services
$17,307,517
$20,997,840
+21%
Membership Dues
$0
$0
-
Investments
$1,584,984
$3,192,211
+101%
Other
$894,742
$342,961
-62%
Total Revenues
$26,318,340
$25,660,512
-2%
Expenses
2023
2024
Change
Grants
$296,500
$1,210,000
+308%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,055,247
$7,167,491
+2%
Fees to Service Providers
$3,115,604
$3,184,903
+2%
Advertising & Promotion
$293,586
$254,052
-13%
Offices, Occupancy & IT
$310,248
$275,651
-11%
Interest
$6,132,298
$7,707,789
+26%
Depreciation
$139,624
$117,599
-16%
Other
$3,382,596
$3,697,829
+9%
Total Expenses
$20,725,703
$23,615,314
+14%
Net income
2023
2024
Change
Net income
+$5,592,637
+$2,045,198
-63%
Functional Expenses
Summary
2023
2024
Change
Program
$17,077,686
$19,771,561
+16%
Admin
$3,515,062
$3,723,005
+6%
Fundraising
$132,955
$120,748
-9%
Total Expenses
$20,725,703
$23,615,314
+14%
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