FAITH IN ACTION NETWORK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,330,184
Contributions
97%
Program Services
2%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$10,850,262
Salaries & Benefits
49%
Grants
27%
Fees to Service Providers
14%
Other
7%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$10,969,974
$6,153,878
-44%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$390,167
$143,936
-63%
Membership Dues
$0
$0
-
Investments
$52,588
$32,370
-38%
Other
$33,695
$0
-100%
Total Revenues
$11,446,424
$6,330,184
-45%
Expenses
2023
2024
Change
Grants
$2,536,436
$2,924,566
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,987,507
$5,280,842
-41%
Fees to Service Providers
$3,402,411
$1,481,975
-56%
Advertising & Promotion
$446
$238
-47%
Offices, Occupancy & IT
$596,580
$378,107
-37%
Interest
$3,142
$0
-100%
Depreciation
$0
$0
-
Other
$3,270,136
$784,534
-76%
Total Expenses
$18,796,658
$10,850,262
-42%
Net income
2023
2024
Change
Net income
-$7,350,234
-$4,520,078
+39%
Functional Expenses
Summary
2023
2024
Change
Program
$10,829,151
$6,092,775
-44%
Admin
$6,290,029
$4,227,942
-33%
Fundraising
$1,677,478
$529,545
-68%
Total Expenses
$18,796,658
$10,850,262
-42%
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