FREEDOM RIDE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$599,744
Contributions
39%
Other
35%
Fundraising Events
12%
Program Services
12%
Investments
3%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$628,071
Salaries & Benefits
43%
Other
30%
Interest
11%
Depreciation
9%
Offices, Occupancy & IT
5%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$410,887
$231,082
-44%
Government Grants
$0
$0
-
Fundraising Events
$26,070
$73,950
+184%
Program Services
$136,135
$69,248
-49%
Membership Dues
$0
$0
-
Investments
$3,330
$17,303
+420%
Other
$102,623
$208,161
+103%
Total Revenues
$679,045
$599,744
-12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$273,882
$271,081
-1%
Fees to Service Providers
$6,500
$5,500
-15%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$35,695
$29,566
-17%
Interest
$76,814
$71,399
-7%
Depreciation
$55,404
$59,366
+7%
Other
$147,976
$191,159
+29%
Total Expenses
$596,271
$628,071
+5%
Net income
2023
2024
Change
Net income
+$82,774
-$28,327
-134%
Functional Expenses
Summary
2023
2024
Change
Program
$525,485
$565,110
+8%
Admin
$67,705
$59,794
-12%
Fundraising
$3,081
$3,167
+3%
Total Expenses
$596,271
$628,071
+5%
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