FREEDOM RAIN INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$18,892,700
Contributions
55%
Other
32%
Program Services
11%
Fundraising Events
2%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$12,307,080
Other
39%
Salaries & Benefits
37%
Offices, Occupancy & IT
19%
Fees to Service Providers
3%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,563,242
$10,296,838
+189%
Government Grants
$0
$0
-
Fundraising Events
$311,000
$349,100
+12%
Program Services
$1,276,988
$2,107,992
+65%
Membership Dues
$0
$0
-
Investments
$670
$104,830
+15546%
Other
$5,826,739
$6,033,940
+4%
Total Revenues
$10,978,639
$18,892,700
+72%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,199,641
$4,584,678
+9%
Fees to Service Providers
$564,480
$350,899
-38%
Advertising & Promotion
$8,125
$41,290
+408%
Offices, Occupancy & IT
$2,408,056
$2,354,198
-2%
Interest
$3,200
$7,753
+142%
Depreciation
$109,218
$153,069
+40%
Other
$3,244,766
$4,815,193
+48%
Total Expenses
$10,537,486
$12,307,080
+17%
Net income
2023
2024
Change
Net income
+$441,153
+$6,585,620
+1393%
Functional Expenses
Summary
2023
2024
Change
Program
$9,460,501
$10,787,330
+14%
Admin
$1,006,816
$1,321,984
+31%
Fundraising
$70,169
$197,766
+182%
Total Expenses
$10,537,486
$12,307,080
+17%
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