RURAL DEVELOPMENT INITIATIVES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,675,550
Contributions
62%
Government Grants
23%
Program Services
15%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,140,385
Salaries & Benefits
56%
Fees to Service Providers
18%
Other
13%
Grants
8%
Offices, Occupancy & IT
5%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$778,876
$1,659,611
+113%
Government Grants
$584,361
$617,880
+6%
Fundraising Events
$0
$0
-
Program Services
$229,046
$393,160
+72%
Membership Dues
$0
$0
-
Investments
$3,612
$4,108
+14%
Other
$6,606
$791
-88%
Total Revenues
$1,602,501
$2,675,550
+67%
Expenses
2023
2024
Change
Grants
$61,475
$167,500
+172%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,079,142
$1,191,794
+10%
Fees to Service Providers
$351,682
$384,136
+9%
Advertising & Promotion
$3,076
$3,118
+1%
Offices, Occupancy & IT
$96,887
$108,621
+12%
Interest
$0
$0
-
Depreciation
$2,775
$2,326
-16%
Other
$166,911
$282,890
+69%
Total Expenses
$1,761,948
$2,140,385
+21%
Net income
2023
2024
Change
Net income
-$159,447
+$535,165
-436%
Functional Expenses
Summary
2023
2024
Change
Program
$1,470,872
$1,841,976
+25%
Admin
$263,562
$268,240
+2%
Fundraising
$27,514
$30,169
+10%
Total Expenses
$1,761,948
$2,140,385
+21%
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