UTAH'S PROMISE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$9,511,221
Government Grants
83%
Contributions
11%
Investments
4%
Program Services
1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$7,173,942
Salaries & Benefits
47%
Grants
46%
Offices, Occupancy & IT
3%
Fees to Service Providers
3%
Other
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$2,705,365
$1,005,243
-63%
Government Grants
$1,378,332
$7,873,662
+471%
Fundraising Events
$0
$0
-
Program Services
$0
$135,562
-
Membership Dues
$0
$0
-
Investments
$541,556
$427,314
-21%
Other
$35,433
$69,440
+96%
Total Revenues
$4,660,686
$9,511,221
+104%
Expenses
2024
2025
Change
Grants
$7,519,041
$3,303,852
-56%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,049,592
$3,346,149
-17%
Fees to Service Providers
$379,648
$199,921
-47%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$333,771
$201,930
-40%
Interest
$0
$0
-
Depreciation
$19,012
$14,438
-24%
Other
$169,523
$107,652
-36%
Total Expenses
$12,470,587
$7,173,942
-42%
Net income
2024
2025
Change
Net income
-$7,809,901
+$2,337,279
-130%
Functional Expenses
Summary
2024
2025
Change
Program
$10,640,577
$5,976,293
-44%
Admin
$1,042,213
$806,942
-23%
Fundraising
$787,797
$390,707
-50%
Total Expenses
$12,470,587
$7,173,942
-42%
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