THE HACK FOUNDATION D/B/A HACK CLUB
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$22,351,707
Contributions
94%
Program Services
4%
Government Grants
1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$14,214,400
Other
74%
Salaries & Benefits
17%
Fees to Service Providers
5%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$10,976,912
$20,985,830
+91%
Government Grants
$0
$330,000
-
Fundraising Events
$0
$0
-
Program Services
$226,387
$812,269
+259%
Membership Dues
$0
$0
-
Investments
$123,120
$215,619
+75%
Other
$31,437
$7,989
-75%
Total Revenues
$11,357,856
$22,351,707
+97%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,661,923
$2,460,541
+48%
Fees to Service Providers
$569,772
$683,031
+20%
Advertising & Promotion
$14,918
$100,603
+574%
Offices, Occupancy & IT
$308,599
$442,074
+43%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$3,463,416
$10,528,151
+204%
Total Expenses
$6,018,628
$14,214,400
+136%
Net income
2023
2024
Change
Net income
+$5,339,228
+$8,137,307
+52%
Functional Expenses
Summary
2023
2024
Change
Program
$5,181,220
$13,337,614
+157%
Admin
$575,200
$597,662
+4%
Fundraising
$262,208
$279,124
+6%
Total Expenses
$6,018,628
$14,214,400
+136%
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