FAR AI INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$24,293,765
Contributions
96%
Investments
3%
Program Services
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$8,602,996
Offices, Occupancy & IT
31%
Salaries & Benefits
26%
Grants
17%
Fees to Service Providers
13%
Other
12%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,507,686
$23,254,628
+1442%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$429,091
-
Membership Dues
$0
$0
-
Investments
$0
$610,046
-
Other
$0
$0
-
Total Revenues
$1,507,686
$24,293,765
+1511%
Expenses
2023
2024
Change
Grants
$0
$1,460,000
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$2,264,469
-
Fees to Service Providers
$13,570
$1,141,427
+8311%
Advertising & Promotion
$0
$37,949
-
Offices, Occupancy & IT
$0
$2,656,527
-
Interest
$0
$0
-
Depreciation
$482
$17,072
+3442%
Other
$0
$1,025,552
-
Total Expenses
$14,052
$8,602,996
+61123%
Net income
2023
2024
Change
Net income
+$1,493,634
+$15,690,769
+951%
Functional Expenses
Summary
2023
2024
Change
Program
$10,625
$7,517,383
+70652%
Admin
$3,427
$1,085,613
+31578%
Fundraising
$0
$0
-
Total Expenses
$14,052
$8,602,996
+61123%
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