THE CITADEL FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$37,924,388
Contributions
71%
Other
27%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$35,560,054
Grants
68%
Salaries & Benefits
21%
Fees to Service Providers
5%
Other
4%
Offices, Occupancy & IT
2%
Interest
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$21,300,350
$26,806,005
+26%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$374,515
$930,994
+149%
Other
$11,886,106
$10,187,389
-14%
Total Revenues
$33,560,971
$37,924,388
+13%
Expenses
2023
2024
Change
Grants
$25,603,935
$24,337,431
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,901,605
$7,319,560
+6%
Fees to Service Providers
$144,576
$1,640,491
+1035%
Advertising & Promotion
$105,919
$0
-100%
Offices, Occupancy & IT
$580,922
$658,954
+13%
Interest
$188,367
$208,061
+10%
Depreciation
$84,961
$87,814
+3%
Other
$937,384
$1,307,743
+40%
Total Expenses
$34,547,669
$35,560,054
+3%
Net income
2023
2024
Change
Net income
-$986,698
+$2,364,334
-340%
Functional Expenses
Summary
2023
2024
Change
Program
$25,608,031
$24,570,352
-4%
Admin
$2,287,340
$4,048,234
+77%
Fundraising
$6,652,298
$6,941,468
+4%
Total Expenses
$34,547,669
$35,560,054
+3%
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