FREEDOM NETWORK USA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,444,153
Government Grants
65%
Contributions
22%
Program Services
13%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,295,417
Salaries & Benefits
72%
Fees to Service Providers
12%
Other
11%
Offices, Occupancy & IT
4%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$212,895
$528,946
+148%
Government Grants
$1,266,602
$1,591,630
+26%
Fundraising Events
$0
$0
-
Program Services
$332,579
$319,322
-4%
Membership Dues
$0
$0
-
Investments
$3,069
$1,707
-44%
Other
$2,750
$2,548
-7%
Total Revenues
$1,817,895
$2,444,153
+34%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,344,902
$1,651,214
+23%
Fees to Service Providers
$301,147
$278,055
-8%
Advertising & Promotion
$945
$315
-67%
Offices, Occupancy & IT
$94,441
$96,820
+3%
Interest
$0
$0
-
Depreciation
$6,000
$6,000
+0%
Other
$291,703
$263,013
-10%
Total Expenses
$2,039,138
$2,295,417
+13%
Net income
2023
2024
Change
Net income
-$221,243
+$148,736
-167%
Functional Expenses
Summary
2023
2024
Change
Program
$1,666,664
$1,866,679
+12%
Admin
$310,950
$368,150
+18%
Fundraising
$61,524
$60,588
-2%
Total Expenses
$2,039,138
$2,295,417
+13%
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