MAGIC JOHNSON FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$256,949
Contributions
92%
Investments
8%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$398,851
Grants
56%
Other
31%
Offices, Occupancy & IT
8%
Fees to Service Providers
5%
Advertising & Promotion
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,092,927
$235,301
-78%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$21,648
-
Other
$0
$0
-
Total Revenues
$1,092,927
$256,949
-76%
Expenses
2023
2024
Change
Grants
$190,000
$222,520
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$6,066
$21,255
+250%
Advertising & Promotion
$4,035
$610
-85%
Offices, Occupancy & IT
$977
$30,215
+2993%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$98,457
$124,251
+26%
Total Expenses
$299,535
$398,851
+33%
Net income
2023
2024
Change
Net income
+$793,392
-$141,902
-118%
Functional Expenses
Summary
2023
2024
Change
Program
$285,032
$355,000
+25%
Admin
$14,503
$43,851
+202%
Fundraising
$0
$0
-
Total Expenses
$299,535
$398,851
+33%
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