THE SOAR FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,805,263
Contributions
78%
Investments
22%
Membership Dues
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Other
0%
Expenses in 2024
$630,924
Grants
91%
Offices, Occupancy & IT
4%
Salaries & Benefits
3%
Other
2%
Depreciation
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$752,850
$1,399,209
+86%
Government Grants
$0
$0
-
Fundraising Events
$70,917
$0
-100%
Program Services
$0
$0
-
Membership Dues
$700
$1,900
+171%
Investments
$135,509
$404,154
+198%
Other
$701,722
$0
-100%
Total Revenues
$1,661,698
$1,805,263
+9%
Expenses
2023
2024
Change
Grants
$598,433
$572,168
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,869
$15,805
+6%
Fees to Service Providers
$23,130
$529
-98%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$77
$24,576
+31817%
Interest
$0
$0
-
Depreciation
$1,253
$2,228
+78%
Other
$42,262
$15,618
-63%
Total Expenses
$680,024
$630,924
-7%
Net income
2023
2024
Change
Net income
+$981,674
+$1,174,339
+20%
Functional Expenses
Summary
2023
2024
Change
Program
$598,433
$572,168
-4%
Admin
$60,653
$58,756
-3%
Fundraising
$20,938
$0
-100%
Total Expenses
$680,024
$630,924
-7%
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