PENCIL FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,624,104
Contributions
71%
Government Grants
25%
Fundraising Events
3%
Other
<1%
Investments
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$12,717,186
Grants
74%
Salaries & Benefits
20%
Other
3%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,347,989
$8,994,801
+42%
Government Grants
$2,150,916
$3,123,980
+45%
Fundraising Events
$344,971
$358,193
+4%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$29,869
$47,689
+60%
Other
$14,332
$99,441
+594%
Total Revenues
$8,888,077
$12,624,104
+42%
Expenses
2023
2024
Change
Grants
$5,150,713
$9,388,257
+82%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,210,219
$2,520,632
+14%
Fees to Service Providers
$501,397
$223,058
-56%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$122,857
$109,051
-11%
Interest
$0
$0
-
Depreciation
$52,604
$51,636
-2%
Other
$574,242
$424,552
-26%
Total Expenses
$8,612,032
$12,717,186
+48%
Net income
2023
2024
Change
Net income
+$276,045
-$93,082
-134%
Functional Expenses
Summary
2023
2024
Change
Program
$7,959,792
$11,998,951
+51%
Admin
$175,748
$124,820
-29%
Fundraising
$476,492
$593,415
+25%
Total Expenses
$8,612,032
$12,717,186
+48%
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