THE FREE STATE FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,068,198
Contributions
85%
Investments
12%
Other
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,287,803
Salaries & Benefits
89%
Other
5%
Fees to Service Providers
4%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,199,535
$911,488
-24%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$125,105
$131,917
+5%
Other
$17,075
$24,793
+45%
Total Revenues
$1,341,715
$1,068,198
-20%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,099,358
$1,148,816
+4%
Fees to Service Providers
$20,963
$57,561
+175%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$16,794
$12,505
-26%
Interest
$0
$0
-
Depreciation
$1,365
$1,685
+23%
Other
$86,253
$67,236
-22%
Total Expenses
$1,224,733
$1,287,803
+5%
Net income
2023
2024
Change
Net income
+$116,982
-$219,605
-288%
Functional Expenses
Summary
2023
2024
Change
Program
$1,074,450
$1,119,114
+4%
Admin
$121,069
$129,014
+7%
Fundraising
$29,214
$39,675
+36%
Total Expenses
$1,224,733
$1,287,803
+5%
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