COBALT FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,440,639
Contributions
92%
Program Services
7%
Investments
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,765,805
Other
40%
Grants
26%
Salaries & Benefits
23%
Fees to Service Providers
7%
Offices, Occupancy & IT
4%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,218,812
$7,743,081
+141%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$528,084
$632,879
+20%
Membership Dues
$0
$0
-
Investments
$1,204
$43,408
+3505%
Other
$7,888
$21,271
+170%
Total Revenues
$3,755,988
$8,440,639
+125%
Expenses
2023
2024
Change
Grants
$0
$2,315,000
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,640,101
$1,997,758
+22%
Fees to Service Providers
$271,608
$578,677
+113%
Advertising & Promotion
$5,383
$0
-100%
Offices, Occupancy & IT
$326,002
$378,625
+16%
Interest
$0
$0
-
Depreciation
$3,062
$1,725
-44%
Other
$2,743,001
$3,494,020
+27%
Total Expenses
$4,989,157
$8,765,805
+76%
Net income
2023
2024
Change
Net income
-$1,233,169
-$325,166
+74%
Functional Expenses
Summary
2023
2024
Change
Program
$4,345,356
$8,085,546
+86%
Admin
$257,759
$325,128
+26%
Fundraising
$386,042
$355,131
-8%
Total Expenses
$4,989,157
$8,765,805
+76%
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