FRIENDS OF SEATTLE WATERFRONT
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$21,016,878
Contributions
72%
Government Grants
14%
Other
9%
Investments
5%
Fundraising Events
<1%
Program Services
<1%
Membership Dues
0%
Expenses in 2024
$28,741,877
Grants
70%
Salaries & Benefits
15%
Other
10%
Fees to Service Providers
3%
Offices, Occupancy & IT
1%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$38,920,294
$15,057,725
-61%
Government Grants
$685,000
$3,014,205
+340%
Fundraising Events
$0
$41,165
-
Program Services
$42,160
$22,173
-47%
Membership Dues
$0
$0
-
Investments
$1,050,248
$967,110
-8%
Other
$23,230
$1,914,500
+8141%
Total Revenues
$40,720,932
$21,016,878
-48%
Expenses
2023
2024
Change
Grants
$25,084,900
$20,065,000
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,157,883
$4,282,259
+3%
Fees to Service Providers
$681,294
$794,398
+17%
Advertising & Promotion
$373,734
$292,247
-22%
Offices, Occupancy & IT
$273,374
$309,641
+13%
Interest
$0
$0
-
Depreciation
$244,525
$97,720
-60%
Other
$2,993,253
$2,900,612
-3%
Total Expenses
$33,808,963
$28,741,877
-15%
Net income
2023
2024
Change
Net income
+$6,911,969
-$7,724,999
-212%
Functional Expenses
Summary
2023
2024
Change
Program
$31,659,980
$26,364,420
-17%
Admin
$1,224,983
$1,268,936
+4%
Fundraising
$924,000
$1,108,521
+20%
Total Expenses
$33,808,963
$28,741,877
-15%
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