LEGAL FOUNDATION OF WASHINGTON
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$55,353,985
Contributions
91%
Investments
5%
Other
3%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$9,847,982
Grants
73%
Salaries & Benefits
13%
Other
9%
Fees to Service Providers
3%
Offices, Occupancy & IT
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$35,420,713
$50,480,269
+43%
Government Grants
$8,123,015
$0
-100%
Fundraising Events
$271,311
$338,943
+25%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,482,533
$2,954,573
+99%
Other
$1,473,054
$1,580,200
+7%
Total Revenues
$46,770,626
$55,353,985
+18%
Expenses
2023
2024
Change
Grants
$29,388,845
$7,176,682
-76%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,285,579
$1,256,091
-2%
Fees to Service Providers
$212,783
$280,264
+32%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$266,860
$234,754
-12%
Interest
$0
$0
-
Depreciation
$18,941
$18,038
-5%
Other
$386,176
$882,153
+128%
Total Expenses
$31,559,184
$9,847,982
-69%
Net income
2023
2024
Change
Net income
+$15,211,442
+$45,506,003
+199%
Functional Expenses
Summary
2023
2024
Change
Program
$30,453,490
$8,549,057
-72%
Admin
$612,585
$782,195
+28%
Fundraising
$493,109
$516,730
+5%
Total Expenses
$31,559,184
$9,847,982
-69%
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