THE FORMATION PROJECT
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$1,042,895
Contributions
N/A
Fundraising Events
N/A
Government Grants
N/A
Investments
N/A
Program Services
N/A
Membership Dues
N/A
Expenses in 2024
$656,147
Salaries & Benefits
48%
Other
43%
Offices, Occupancy & IT
5%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$376,565
$583,749
+55%
Government Grants
$270,355
$230,141
-15%
Fundraising Events
$89,726
$239,629
+167%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,178
$11,193
+414%
Other
$76,150
-$21,817
-129%
Total Revenues
$814,974
$1,042,895
+28%
Expenses
2023
2024
Change
Grants
$0
$100
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$476,371
$317,193
-33%
Fees to Service Providers
$50,260
$18,367
-63%
Advertising & Promotion
$3,681
$2,067
-44%
Offices, Occupancy & IT
$29,240
$32,771
+12%
Interest
$0
$0
-
Depreciation
$6,375
$1,967
-69%
Other
$226,047
$283,682
+25%
Total Expenses
$791,974
$656,147
-17%
Net income
2023
2024
Change
Net income
+$23,000
+$386,748
+1582%
Functional Expenses
Summary
2023
2024
Change
Program
$627,633
$545,741
-13%
Admin
$84,412
$72,027
-15%
Fundraising
$79,929
$38,379
-52%
Total Expenses
$791,974
$656,147
-17%
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