Logo for "BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY"

BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY

BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY

BOSTON, MA, US
501(c)(3)
EIN
04-2103576
School
Logo for "BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY"

BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY

BOSTON, MA, US
501(c)(3)
EIN
04-2103576
School

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$31,443,429

Contributions
55%
Program Services
33%
Government Grants
10%
Fundraising Events
2%
Other
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024

$28,205,894

Grants
44%
Salaries & Benefits
32%
Other
9%
Fees to Service Providers
8%
Offices, Occupancy & IT
3%
Advertising & Promotion
2%
Depreciation
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$8,056,361
$17,251,458
+114%
Government Grants
$1,714,358
$3,163,239
+85%
Fundraising Events
$0
$509,642
-
Program Services
$9,426,991
$10,253,097
+9%
Membership Dues
$0
$0
-
Investments
$6,944
$118,723
+1610%
Other
$178,108
$147,270
-17%
Total Revenues
$19,382,762
$31,443,429
+62%
Expenses
2023
2024
Change
Grants
$2,031,019
$12,527,269
+517%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,111,489
$8,974,389
+11%
Fees to Service Providers
$2,627,997
$2,385,324
-9%
Advertising & Promotion
$351,220
$439,206
+25%
Offices, Occupancy & IT
$815,712
$876,608
+7%
Interest
$0
$0
-
Depreciation
$397,075
$380,543
-4%
Other
$2,540,828
$2,622,555
+3%
Total Expenses
$16,875,340
$28,205,894
+67%
Net income
2023
2024
Change
Net income
+$2,507,422
+$3,237,535
+29%
Functional Expenses
Summary
2023
2024
Change
Program
$12,251,346
$23,251,676
+90%
Admin
$3,792,113
$4,079,535
+8%
Fundraising
$831,881
$874,683
+5%
Total Expenses
$16,875,340
$28,205,894
+67%
Income Statement
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