Fuse Innovation Fund
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,579,322
Contributions
97%
Government Grants
3%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,072,288
Salaries & Benefits
64%
Grants
11%
Fees to Service Providers
10%
Other
8%
Offices, Occupancy & IT
6%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,418,324
$1,526,706
+8%
Government Grants
$0
$45,000
-
Fundraising Events
$1,250
$0
-100%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$16
$7,616
+47500%
Other
$0
$0
-
Total Revenues
$1,419,590
$1,579,322
+11%
Expenses
2023
2024
Change
Grants
$182,347
$113,000
-38%
Benefits to Members
$0
$0
-
Salaries & Benefits
$683,258
$687,367
+1%
Fees to Service Providers
$111,435
$107,617
-3%
Advertising & Promotion
$0
$7,479
-
Offices, Occupancy & IT
$38,593
$69,467
+80%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$51,407
$87,358
+70%
Total Expenses
$1,067,040
$1,072,288
+0%
Net income
2023
2024
Change
Net income
+$352,550
+$507,034
+44%
Functional Expenses
Summary
2023
2024
Change
Program
$841,282
$889,053
+6%
Admin
$219,491
$90,568
-59%
Fundraising
$6,267
$92,667
+1379%
Total Expenses
$1,067,040
$1,072,288
+0%
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