FREE MOM HUGS INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$485,810
Contributions
79%
Other
21%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$437,212
Salaries & Benefits
55%
Other
34%
Benefits to Members
5%
Offices, Occupancy & IT
3%
Fees to Service Providers
3%
Grants
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$411,747
$383,575
-7%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$40
$45
+13%
Other
$91,459
$102,190
+12%
Total Revenues
$503,246
$485,810
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$18,000
$21,700
+21%
Salaries & Benefits
$221,711
$241,140
+9%
Fees to Service Providers
$23,225
$13,872
-40%
Advertising & Promotion
$1,347
$0
-100%
Offices, Occupancy & IT
$16,863
$13,930
-17%
Interest
$0
$0
-
Depreciation
$167
$0
-100%
Other
$183,610
$146,570
-20%
Total Expenses
$464,923
$437,212
-6%
Net income
2023
2024
Change
Net income
+$38,323
+$48,598
+27%
Functional Expenses
Summary
2023
2024
Change
Program
$288,542
$265,674
-8%
Admin
$176,381
$171,538
-3%
Fundraising
$0
$0
-
Total Expenses
$464,923
$437,212
-6%
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