THE FORAKER GROUP
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,372,527
Program Services
52%
Contributions
30%
Government Grants
17%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$7,616,152
Fees to Service Providers
42%
Salaries & Benefits
41%
Grants
8%
Other
4%
Offices, Occupancy & IT
4%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,048,495
$2,202,180
+8%
Government Grants
$1,291,461
$1,267,769
-2%
Fundraising Events
$0
$0
-
Program Services
$3,130,462
$3,851,991
+23%
Membership Dues
$0
$0
-
Investments
$26,348
$50,587
+92%
Other
$20,500
$0
-100%
Total Revenues
$6,517,266
$7,372,527
+13%
Expenses
2023
2024
Change
Grants
$0
$638,478
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,292,538
$3,085,442
-6%
Fees to Service Providers
$2,495,646
$3,168,478
+27%
Advertising & Promotion
$47,647
$102,680
+116%
Offices, Occupancy & IT
$289,440
$309,599
+7%
Interest
$0
$0
-
Depreciation
$1,420
$1,364
-4%
Other
$464,809
$310,111
-33%
Total Expenses
$6,591,500
$7,616,152
+16%
Net income
2023
2024
Change
Net income
-$74,234
-$243,625
-228%
Functional Expenses
Summary
2023
2024
Change
Program
$5,281,927
$6,313,024
+20%
Admin
$1,309,573
$1,303,128
0%
Fundraising
$0
$0
-
Total Expenses
$6,591,500
$7,616,152
+16%
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