Southmore Foundation Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,070,042
Other
60%
Contributions
36%
Program Services
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$867,864
Salaries & Benefits
28%
Other
25%
Fees to Service Providers
22%
Interest
21%
Offices, Occupancy & IT
4%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$605,115
$737,705
+22%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$76,282
$82,024
+8%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$6,000
$1,250,313
+20739%
Total Revenues
$687,397
$2,070,042
+201%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$305,057
$246,797
-19%
Fees to Service Providers
$69,031
$187,476
+172%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$32,833
$38,140
+16%
Interest
$118,393
$180,490
+52%
Depreciation
$0
$0
-
Other
$176,215
$214,961
+22%
Total Expenses
$701,529
$867,864
+24%
Net income
2023
2024
Change
Net income
-$14,132
+$1,202,178
-8607%
Functional Expenses
Summary
2023
2024
Change
Program
$679,775
$822,766
+21%
Admin
$21,245
$28,032
+32%
Fundraising
$509
$17,066
+3253%
Total Expenses
$701,529
$867,864
+24%
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