SME FOUNDATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$2,026,498
Contributions
63%
Other
17%
Fundraising Events
11%
Investments
10%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,636,683
Grants
58%
Salaries & Benefits
25%
Other
8%
Fees to Service Providers
5%
Offices, Occupancy & IT
4%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,055,427
$1,268,684
+20%
Government Grants
$0
$0
-
Fundraising Events
$97,200
$218,574
+125%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$156,135
$194,775
+25%
Other
$133,979
$344,465
+157%
Total Revenues
$1,442,741
$2,026,498
+40%
Expenses
2023
2024
Change
Grants
$876,700
$946,527
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$414,677
$412,488
-1%
Fees to Service Providers
$56,626
$87,521
+55%
Advertising & Promotion
$15,914
$0
-100%
Offices, Occupancy & IT
$92,662
$67,104
-28%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$104,092
$123,043
+18%
Total Expenses
$1,560,671
$1,636,683
+5%
Net income
2023
2024
Change
Net income
-$117,930
+$389,815
-431%
Functional Expenses
Summary
2023
2024
Change
Program
$1,518,035
$1,564,099
+3%
Admin
$42,636
$72,584
+70%
Fundraising
$0
$0
-
Total Expenses
$1,560,671
$1,636,683
+5%
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