AIR & SPACE FORCES ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$31,493,812
Program Services
61%
Contributions
23%
Other
10%
Investments
4%
Government Grants
1%
Membership Dues
<1%
Fundraising Events
0%
Expenses in 2024
$27,603,634
Salaries & Benefits
51%
Offices, Occupancy & IT
17%
Other
16%
Fees to Service Providers
14%
Grants
1%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,983,628
$7,300,497
+22%
Government Grants
$420,023
$375,197
-11%
Fundraising Events
$0
$0
-
Program Services
$16,364,012
$19,150,550
+17%
Membership Dues
$240,763
$207,225
-14%
Investments
$1,220,742
$1,354,666
+11%
Other
$17,019,890
$3,105,677
-82%
Total Revenues
$41,249,058
$31,493,812
-24%
Expenses
2023
2024
Change
Grants
$364,567
$380,489
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,636,029
$13,981,775
+11%
Fees to Service Providers
$4,082,833
$3,840,460
-6%
Advertising & Promotion
$61,875
$51,650
-17%
Offices, Occupancy & IT
$2,916,330
$4,571,457
+57%
Interest
$28,216
$12,844
-54%
Depreciation
$316,974
$372,317
+17%
Other
$5,160,950
$4,392,642
-15%
Total Expenses
$25,567,774
$27,603,634
+8%
Net income
2023
2024
Change
Net income
+$15,681,284
+$3,890,178
-75%
Functional Expenses
Summary
2023
2024
Change
Program
$20,120,175
$21,836,430
+9%
Admin
$3,831,860
$4,008,967
+5%
Fundraising
$1,615,739
$1,758,237
+9%
Total Expenses
$25,567,774
$27,603,634
+8%
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