THE INDEPENDENT CHARITABLE GIFT FUND
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$198,305,368
Contributions
91%
Investments
9%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$70,743,867
Grants
95%
Fees to Service Providers
3%
Salaries & Benefits
1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Other
<1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$146,605,675
$181,347,394
+24%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$10,558,405
$16,934,869
+60%
Other
$3,894
$23,105
+493%
Total Revenues
$157,167,974
$198,305,368
+26%
Expenses
2023
2024
Change
Grants
$51,267,545
$67,229,866
+31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$491,530
$835,307
+70%
Fees to Service Providers
$1,647,078
$2,308,292
+40%
Advertising & Promotion
$55,064
$60,352
+10%
Offices, Occupancy & IT
$187,493
$292,669
+56%
Interest
$1,396
$1,284
-8%
Depreciation
$846
$1,692
+100%
Other
$14,314
$14,405
+1%
Total Expenses
$53,665,266
$70,743,867
+32%
Net income
2023
2024
Change
Net income
+$103,502,708
+$127,561,501
+23%
Functional Expenses
Summary
2023
2024
Change
Program
$51,458,354
$67,469,419
+31%
Admin
$1,983,176
$2,924,952
+47%
Fundraising
$223,736
$349,496
+56%
Total Expenses
$53,665,266
$70,743,867
+32%
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