THE PIEDMONT FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,438,427
Contributions
72%
Investments
28%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,022,147
Grants
89%
Fees to Service Providers
11%
Other
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$299,004
$1,762,705
+490%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$489,597
$675,722
+38%
Other
$0
$0
-
Total Revenues
$788,601
$2,438,427
+209%
Expenses
2023
2024
Change
Grants
$934,368
$1,794,344
+92%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$198,734
$227,478
+14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$288
$325
+13%
Total Expenses
$1,133,390
$2,022,147
+78%
Net income
2023
2024
Change
Net income
-$344,789
+$416,280
-221%
Functional Expenses
Summary
2023
2024
Change
Program
$934,368
$1,794,344
+92%
Admin
$192,427
$221,277
+15%
Fundraising
$6,595
$6,526
-1%
Total Expenses
$1,133,390
$2,022,147
+78%
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