FREED Center for Independent Living Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,331,955
Government Grants
>99%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$3,395,478
Salaries & Benefits
56%
Other
28%
Fees to Service Providers
11%
Offices, Occupancy & IT
5%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$93,156
$31,819
-66%
Government Grants
$2,740,514
$3,299,277
+20%
Fundraising Events
$0
$0
-
Program Services
$8,710
$0
-100%
Membership Dues
$0
$0
-
Investments
$5,682
$859
-85%
Other
$0
$0
-
Total Revenues
$2,848,062
$3,331,955
+17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,643,689
$1,890,311
+15%
Fees to Service Providers
$318,394
$374,419
+18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$109,509
$158,695
+45%
Interest
$17,366
$19,337
+11%
Depreciation
$50,234
$0
-100%
Other
$687,414
$952,716
+39%
Total Expenses
$2,826,606
$3,395,478
+20%
Net income
2023
2024
Change
Net income
+$21,456
-$63,523
-396%
Functional Expenses
Summary
2023
2024
Change
Program
$2,537,779
$3,058,194
+21%
Admin
$288,270
$337,000
+17%
Fundraising
$557
$284
-49%
Total Expenses
$2,826,606
$3,395,478
+20%
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