FEDERATION OF SOUTHERN COOPERATIVES
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$7,527,706
Contributions
56%
Government Grants
31%
Program Services
12%
Investments
<1%
Membership Dues
<1%
Fundraising Events
0%
Other
0%
Expenses in 2024
$6,329,037
Other
58%
Salaries & Benefits
41%
Offices, Occupancy & IT
2%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,912,303
$4,241,887
+46%
Government Grants
$2,818,537
$2,313,339
-18%
Fundraising Events
$0
$0
-
Program Services
$330,366
$899,246
+172%
Membership Dues
$12,327
$27,306
+122%
Investments
$12,500
$45,928
+267%
Other
$195,801
$0
-100%
Total Revenues
$6,281,834
$7,527,706
+20%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$686,035
$2,583,870
+277%
Fees to Service Providers
$1,610,420
$0
-100%
Advertising & Promotion
$3,609
$0
-100%
Offices, Occupancy & IT
$357,922
$95,051
-73%
Interest
$28,880
$0
-100%
Depreciation
$52,781
$0
-100%
Other
$3,003,989
$3,650,116
+22%
Total Expenses
$5,743,636
$6,329,037
+10%
Net income
2023
2024
Change
Net income
+$538,198
+$1,198,669
+123%
Functional Expenses
Summary
2023
2024
Change
Program
$4,491,457
$4,034,602
-10%
Admin
$1,252,179
$2,294,435
+83%
Fundraising
$0
$0
-
Total Expenses
$5,743,636
$6,329,037
+10%
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