STERLING COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$9,107,124
Contributions
53%
Program Services
39%
Government Grants
7%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,760,471
Grants
38%
Salaries & Benefits
28%
Other
16%
Fees to Service Providers
9%
Offices, Occupancy & IT
6%
Depreciation
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,139,384
$4,781,443
+16%
Government Grants
$349,571
$605,821
+73%
Fundraising Events
$0
$0
-
Program Services
$4,561,525
$3,513,317
-23%
Membership Dues
$0
$0
-
Investments
$21,533
$38,548
+79%
Other
$7,692
$167,995
+2084%
Total Revenues
$9,079,705
$9,107,124
+0%
Expenses
2023
2024
Change
Grants
$2,734,229
$3,287,548
+20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,980,396
$2,426,221
-19%
Fees to Service Providers
$1,091,329
$808,653
-26%
Advertising & Promotion
$23,946
$10,605
-56%
Offices, Occupancy & IT
$563,392
$529,580
-6%
Interest
$139,542
$127,054
-9%
Depreciation
$163,642
$168,620
+3%
Other
$1,067,661
$1,402,190
+31%
Total Expenses
$8,764,137
$8,760,471
0%
Net income
2023
2024
Change
Net income
+$315,568
+$346,653
+10%
Functional Expenses
Summary
2023
2024
Change
Program
$6,093,874
$6,324,378
+4%
Admin
$2,225,745
$2,235,435
+0%
Fundraising
$444,518
$200,658
-55%
Total Expenses
$8,764,137
$8,760,471
0%
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