BLACK FARMER FUND INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,437,329
Contributions
94%
Investments
6%
Program Services
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,573,984
Grants
41%
Salaries & Benefits
30%
Fees to Service Providers
11%
Other
9%
Interest
8%
Offices, Occupancy & IT
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$5,642,151
$11,669,389
+107%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,240
$21,685
+569%
Membership Dues
$0
$0
-
Investments
$164,745
$743,456
+351%
Other
$20,568
$2,799
-86%
Total Revenues
$5,830,704
$12,437,329
+113%
Expenses
2023
2024
Change
Grants
$193,098
$2,259,500
+1070%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,371,790
$1,644,554
+20%
Fees to Service Providers
$445,099
$594,787
+34%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$67,627
$121,274
+79%
Interest
$13,669
$469,391
+3334%
Depreciation
$256
$256
+0%
Other
$255,399
$484,222
+90%
Total Expenses
$2,346,938
$5,573,984
+138%
Net income
2023
2024
Change
Net income
+$3,483,766
+$6,863,345
+97%
Functional Expenses
Summary
2023
2024
Change
Program
$1,592,738
$4,365,835
+174%
Admin
$578,258
$903,835
+56%
Fundraising
$175,942
$304,314
+73%
Total Expenses
$2,346,938
$5,573,984
+138%
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