REDF
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$21,723,604
Contributions
75%
Government Grants
21%
Program Services
3%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$28,497,363
Salaries & Benefits
49%
Grants
20%
Fees to Service Providers
17%
Other
7%
Offices, Occupancy & IT
7%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$24,807,028
$16,247,612
-35%
Government Grants
$2,029,604
$4,486,839
+121%
Fundraising Events
$0
$0
-
Program Services
$0
$578,333
-
Membership Dues
$0
$0
-
Investments
$302,087
$405,220
+34%
Other
$876,955
$5,600
-99%
Total Revenues
$28,015,674
$21,723,604
-22%
Expenses
2023
2024
Change
Grants
$5,750,900
$5,649,379
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,462,499
$13,840,860
+21%
Fees to Service Providers
$2,991,141
$4,820,833
+61%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,134,956
$1,912,923
+69%
Interest
$0
$0
-
Depreciation
$116,123
$211,778
+82%
Other
$3,078,402
$2,061,590
-33%
Total Expenses
$24,534,021
$28,497,363
+16%
Net income
2023
2024
Change
Net income
+$3,481,653
-$6,773,759
-295%
Functional Expenses
Summary
2023
2024
Change
Program
$19,624,984
$22,744,960
+16%
Admin
$3,557,036
$4,313,673
+21%
Fundraising
$1,352,001
$1,438,730
+6%
Total Expenses
$24,534,021
$28,497,363
+16%
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