VIRGINIA STATE GOLF ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,794,545
Program Services
87%
Contributions
5%
Other
5%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,127,026
Other
40%
Salaries & Benefits
32%
Offices, Occupancy & IT
12%
Grants
7%
Fees to Service Providers
4%
Advertising & Promotion
3%
Depreciation
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$411,481
$293,668
-29%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$4,415,854
$5,033,863
+14%
Membership Dues
$0
$0
-
Investments
$135,546
$177,319
+31%
Other
$280,257
$289,695
+3%
Total Revenues
$5,243,138
$5,794,545
+11%
Expenses
2023
2024
Change
Grants
$181,029
$371,340
+105%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,460,076
$1,643,812
+13%
Fees to Service Providers
$218,081
$191,526
-12%
Advertising & Promotion
$119,235
$148,529
+25%
Offices, Occupancy & IT
$452,574
$617,241
+36%
Interest
$28,208
$26,324
-7%
Depreciation
$79,742
$85,482
+7%
Other
$1,927,661
$2,042,772
+6%
Total Expenses
$4,466,606
$5,127,026
+15%
Net income
2023
2024
Change
Net income
+$776,532
+$667,519
-14%
Functional Expenses
Summary
2023
2024
Change
Program
$3,745,687
$4,276,592
+14%
Admin
$636,365
$753,828
+18%
Fundraising
$84,554
$96,606
+14%
Total Expenses
$4,466,606
$5,127,026
+15%
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