CARNATION FARMS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,164,385
Contributions
77%
Other
14%
Program Services
9%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,258,720
Salaries & Benefits
51%
Other
19%
Offices, Occupancy & IT
13%
Fees to Service Providers
12%
Depreciation
3%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,430,194
$3,996,211
+64%
Government Grants
$5,917
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$159,130
$470,692
+196%
Membership Dues
$0
$0
-
Investments
$748
$68
-91%
Other
$669,742
$697,414
+4%
Total Revenues
$3,265,731
$5,164,385
+58%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,674,263
$2,191,261
+31%
Fees to Service Providers
$430,329
$510,795
+19%
Advertising & Promotion
$15,848
$42,680
+169%
Offices, Occupancy & IT
$575,251
$563,208
-2%
Interest
$0
$0
-
Depreciation
$106,414
$125,517
+18%
Other
$812,182
$825,259
+2%
Total Expenses
$3,614,287
$4,258,720
+18%
Net income
2023
2024
Change
Net income
-$348,556
+$905,665
-360%
Functional Expenses
Summary
2023
2024
Change
Program
$2,512,794
$2,922,249
+16%
Admin
$755,794
$1,208,727
+60%
Fundraising
$345,699
$127,744
-63%
Total Expenses
$3,614,287
$4,258,720
+18%
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