THREAD INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,237,060
Contributions
85%
Government Grants
12%
Investments
3%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$9,087,065
Salaries & Benefits
72%
Other
13%
Fees to Service Providers
9%
Depreciation
4%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$9,138,571
$6,969,893
-24%
Government Grants
$785,000
$1,000,000
+27%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$117,804
$243,439
+107%
Other
-$3,634
$23,728
-753%
Total Revenues
$10,037,741
$8,237,060
-18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,498,252
$6,524,764
+19%
Fees to Service Providers
$583,028
$834,142
+43%
Advertising & Promotion
$10,990
$36,532
+232%
Offices, Occupancy & IT
$89,332
$143,297
+60%
Interest
$0
$0
-
Depreciation
$192,506
$372,728
+94%
Other
$1,057,209
$1,175,602
+11%
Total Expenses
$7,431,317
$9,087,065
+22%
Net income
2023
2024
Change
Net income
+$2,606,424
-$850,005
-133%
Functional Expenses
Summary
2023
2024
Change
Program
$6,352,413
$7,870,403
+24%
Admin
$710,008
$772,790
+9%
Fundraising
$368,896
$443,872
+20%
Total Expenses
$7,431,317
$9,087,065
+22%
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