SOAR Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,523,005
Program Services
92%
Contributions
5%
Investments
3%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,516,107
Salaries & Benefits
49%
Other
23%
Offices, Occupancy & IT
16%
Advertising & Promotion
4%
Fees to Service Providers
3%
Grants
3%
Depreciation
3%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$214,267
$270,109
+26%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$4,730,250
$5,077,223
+7%
Membership Dues
$0
$0
-
Investments
$56,601
$146,279
+158%
Other
-$237,296
$29,394
-112%
Total Revenues
$4,763,822
$5,523,005
+16%
Expenses
2023
2024
Change
Grants
$163,307
$162,187
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,837,922
$2,685,500
-5%
Fees to Service Providers
$253,443
$184,638
-27%
Advertising & Promotion
$165,561
$214,029
+29%
Offices, Occupancy & IT
$758,505
$863,728
+14%
Interest
$0
$0
-
Depreciation
$178,877
$139,125
-22%
Other
$1,294,318
$1,266,900
-2%
Total Expenses
$5,651,933
$5,516,107
-2%
Net income
2023
2024
Change
Net income
-$888,111
+$6,898
-101%
Functional Expenses
Summary
2023
2024
Change
Program
$4,107,646
$4,505,538
+10%
Admin
$1,503,974
$723,745
-52%
Fundraising
$40,313
$286,824
+611%
Total Expenses
$5,651,933
$5,516,107
-2%
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