NTC FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,202,440
Program Services
88%
Contributions
10%
Investments
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,545,562
Offices, Occupancy & IT
29%
Other
27%
Depreciation
17%
Salaries & Benefits
15%
Interest
7%
Fees to Service Providers
4%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$481,992
$617,966
+28%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$5,454,347
$5,451,162
0%
Membership Dues
$0
$0
-
Investments
$267,164
$110,987
-58%
Other
$177,310
$22,325
-87%
Total Revenues
$6,380,813
$6,202,440
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$906,434
$1,138,090
+26%
Fees to Service Providers
$187,900
$270,143
+44%
Advertising & Promotion
$161,517
$175,318
+9%
Offices, Occupancy & IT
$2,305,685
$2,171,932
-6%
Interest
$549,522
$541,480
-1%
Depreciation
$1,243,211
$1,247,920
+0%
Other
$1,548,517
$2,000,679
+29%
Total Expenses
$6,902,786
$7,545,562
+9%
Net income
2023
2024
Change
Net income
-$521,973
-$1,343,122
-157%
Functional Expenses
Summary
2023
2024
Change
Program
$6,292,293
$6,765,424
+8%
Admin
$440,710
$548,834
+25%
Fundraising
$169,783
$231,304
+36%
Total Expenses
$6,902,786
$7,545,562
+9%
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