HERITAGE CLASSIC FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$18,963,218
Program Services
78%
Contributions
17%
Other
3%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$16,538,818
Other
63%
Grants
24%
Salaries & Benefits
11%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,383,435
$3,155,349
+32%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$11,238,516
$14,857,932
+32%
Membership Dues
$0
$0
-
Investments
$373,255
$362,236
-3%
Other
$511,621
$587,701
+15%
Total Revenues
$14,506,827
$18,963,218
+31%
Expenses
2023
2024
Change
Grants
$3,414,614
$3,992,690
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,700,978
$1,834,913
+8%
Fees to Service Providers
$34,305
$29,619
-14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$123,928
$116,816
-6%
Interest
$0
$0
-
Depreciation
$61,520
$66,475
+8%
Other
$8,611,923
$10,498,305
+22%
Total Expenses
$13,947,268
$16,538,818
+19%
Net income
2023
2024
Change
Net income
+$559,559
+$2,424,400
+333%
Functional Expenses
Summary
2023
2024
Change
Program
$13,696,986
$16,268,150
+19%
Admin
$249,782
$270,168
+8%
Fundraising
$500
$500
+0%
Total Expenses
$13,947,268
$16,538,818
+19%
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