PROMISE FUND OF FLORIDA INC
Income Statement
Fiscal Year Start:
Apr 1
Revenues in 2024
$1,969,548
Contributions
56%
Government Grants
22%
Fundraising Events
10%
Investments
7%
Other
5%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,662,955
Grants
40%
Salaries & Benefits
35%
Fees to Service Providers
8%
Advertising & Promotion
6%
Other
4%
Offices, Occupancy & IT
3%
Depreciation
3%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,135,115
$1,106,076
-3%
Government Grants
$450,000
$425,000
-6%
Fundraising Events
$539,934
$204,755
-62%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$73,074
$130,307
+78%
Other
-$40,469
$103,410
-356%
Total Revenues
$2,157,654
$1,969,548
-9%
Expenses
2023
2024
Change
Grants
$1,621,543
$1,060,009
-35%
Benefits to Members
$0
$0
-
Salaries & Benefits
$950,878
$942,701
-1%
Fees to Service Providers
$87,765
$212,937
+143%
Advertising & Promotion
$213,549
$171,415
-20%
Offices, Occupancy & IT
$42,802
$81,874
+91%
Interest
$0
$0
-
Depreciation
$230,079
$75,267
-67%
Other
$215,511
$118,752
-45%
Total Expenses
$3,362,127
$2,662,955
-21%
Net income
2023
2024
Change
Net income
-$1,204,473
-$693,407
+42%
Functional Expenses
Summary
2023
2024
Change
Program
$2,481,122
$2,057,988
-17%
Admin
$440,208
$179,467
-59%
Fundraising
$440,797
$425,500
-3%
Total Expenses
$3,362,127
$2,662,955
-21%
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