HUGS FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$815,519
Contributions
47%
Other
43%
Investments
10%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$424,030
Other
70%
Salaries & Benefits
26%
Fees to Service Providers
2%
Advertising & Promotion
1%
Depreciation
<1%
Offices, Occupancy & IT
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$249,869
$381,897
+53%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$60,370
$82,489
+37%
Other
$328,423
$351,133
+7%
Total Revenues
$638,662
$815,519
+28%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$101,380
$108,312
+7%
Fees to Service Providers
$4,015
$7,629
+90%
Advertising & Promotion
$1,620
$5,224
+222%
Offices, Occupancy & IT
$550
$1,720
+213%
Interest
$679
$0
-100%
Depreciation
$2,762
$3,232
+17%
Other
$230,964
$297,913
+29%
Total Expenses
$341,970
$424,030
+24%
Net income
2023
2024
Change
Net income
+$296,692
+$391,489
+32%
Functional Expenses
Summary
2023
2024
Change
Program
$199,525
$266,053
+33%
Admin
$133,459
$149,963
+12%
Fundraising
$8,986
$8,014
-11%
Total Expenses
$341,970
$424,030
+24%
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