BLUE FOREST FINANCE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,932,160
Contributions
40%
Government Grants
29%
Program Services
26%
Other
5%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,990,905
Salaries & Benefits
56%
Other
17%
Grants
14%
Fees to Service Providers
8%
Interest
4%
Offices, Occupancy & IT
1%
Benefits to Members
0%
Advertising & Promotion
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,983,924
$3,573,975
-10%
Government Grants
$1,623,030
$2,564,869
+58%
Fundraising Events
$0
$0
-
Program Services
$1,564,017
$2,359,521
+51%
Membership Dues
$0
$0
-
Investments
$14,896
$2,503
-83%
Other
$215,806
$431,292
+100%
Total Revenues
$7,401,673
$8,932,160
+21%
Expenses
2023
2024
Change
Grants
$850,000
$1,300,000
+53%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,133,238
$5,028,470
+22%
Fees to Service Providers
$515,236
$678,226
+32%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$60,745
$108,816
+79%
Interest
$195,310
$354,736
+82%
Depreciation
$0
$0
-
Other
$705,584
$1,520,657
+116%
Total Expenses
$6,460,113
$8,990,905
+39%
Net income
2023
2024
Change
Net income
+$941,560
-$58,745
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$5,110,632
$6,979,641
+37%
Admin
$1,158,685
$1,773,257
+53%
Fundraising
$190,796
$238,007
+25%
Total Expenses
$6,460,113
$8,990,905
+39%
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