REEF CHECK FOUNDATION

Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,647,795
Government Grants
75%
Contributions
21%
Program Services
4%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,571,871
Salaries & Benefits
58%
Other
34%
Fees to Service Providers
5%
Offices, Occupancy & IT
3%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$290,261
$345,062
+19%
Government Grants
$410,314
$1,236,555
+201%
Fundraising Events
$0
$0
-
Program Services
$428,602
$62,121
-86%
Membership Dues
$0
$0
-
Investments
$15,911
$124
-99%
Other
$273,108
$3,933
-99%
Total Revenues
$1,418,196
$1,647,795
+16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$985,906
$909,040
-8%
Fees to Service Providers
$125,367
$79,881
-36%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$76,922
$41,059
-47%
Interest
$4,600
$5,773
+26%
Depreciation
$7,187
$7,187
+0%
Other
$440,152
$528,931
+20%
Total Expenses
$1,640,134
$1,571,871
-4%
Net income
2023
2024
Change
Net income
-$221,938
+$75,924
-134%
Functional Expenses
Summary
2023
2024
Change
Program
$1,271,314
$1,284,398
+1%
Admin
$275,714
$156,078
-43%
Fundraising
$93,106
$131,395
+41%
Total Expenses
$1,640,134
$1,571,871
-4%
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