MORSELIFE FOUNDATION INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$10,426,908
Contributions
86%
Investments
10%
Other
4%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$9,975,326
Grants
49%
Salaries & Benefits
16%
Interest
14%
Fees to Service Providers
11%
Other
5%
Offices, Occupancy & IT
2%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,137,498
$9,009,784
+47%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$764,424
$1,024,175
+34%
Other
$444,901
$392,949
-12%
Total Revenues
$7,346,823
$10,426,908
+42%
Expenses
2023
2024
Change
Grants
$7,090,894
$4,928,674
-30%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,582,205
$1,626,204
+3%
Fees to Service Providers
$860,249
$1,131,521
+32%
Advertising & Promotion
$214,202
$98,946
-54%
Offices, Occupancy & IT
$236,993
$248,400
+5%
Interest
$1,136,914
$1,354,766
+19%
Depreciation
$134,360
$123,528
-8%
Other
$341,825
$463,287
+36%
Total Expenses
$11,597,642
$9,975,326
-14%
Net income
2023
2024
Change
Net income
-$4,250,819
+$451,582
-111%
Functional Expenses
Summary
2023
2024
Change
Program
$8,734,748
$6,810,499
-22%
Admin
$717,155
$750,346
+5%
Fundraising
$2,145,739
$2,414,481
+13%
Total Expenses
$11,597,642
$9,975,326
-14%
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