LIGHTNING FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,619,664
Contributions
47%
Program Services
25%
Other
21%
Fundraising Events
4%
Investments
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$5,138,750
Other
29%
Grants
28%
Salaries & Benefits
26%
Fees to Service Providers
11%
Advertising & Promotion
4%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,441,086
$2,661,559
+9%
Government Grants
$0
$0
-
Fundraising Events
$256,244
$237,000
-8%
Program Services
$1,170,982
$1,386,684
+18%
Membership Dues
$0
$0
-
Investments
$93,295
$138,779
+49%
Other
$1,455,661
$1,195,642
-18%
Total Revenues
$5,417,268
$5,619,664
+4%
Expenses
2023
2024
Change
Grants
$1,636,200
$1,452,202
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,269,613
$1,330,294
+5%
Fees to Service Providers
$95,796
$584,040
+510%
Advertising & Promotion
$196,071
$187,302
-4%
Offices, Occupancy & IT
$93,552
$84,129
-10%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,688,362
$1,500,783
-11%
Total Expenses
$4,979,594
$5,138,750
+3%
Net income
2023
2024
Change
Net income
+$437,674
+$480,914
+10%
Functional Expenses
Summary
2023
2024
Change
Program
$3,898,189
$3,403,253
-13%
Admin
$1,081,405
$1,735,497
+60%
Fundraising
$0
$0
-
Total Expenses
$4,979,594
$5,138,750
+3%
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