EDUCATION DEVELOPMENT CENTER INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$210,774,465
Government Grants
98%
Other
<1%
Program Services
<1%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$200,093,700
Salaries & Benefits
52%
Grants
19%
Other
16%
Offices, Occupancy & IT
8%
Fees to Service Providers
4%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,456,591
$237,910
-90%
Government Grants
$196,651,634
$207,503,830
+6%
Fundraising Events
$0
$0
-
Program Services
$1,331,010
$1,061,369
-20%
Membership Dues
$0
$0
-
Investments
$822,348
$864,529
+5%
Other
$240,383
$1,106,827
+360%
Total Revenues
$201,501,966
$210,774,465
+5%
Expenses
2023
2024
Change
Grants
$36,601,278
$37,858,148
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$100,395,680
$104,102,693
+4%
Fees to Service Providers
$6,226,861
$8,397,021
+35%
Advertising & Promotion
$0
$1,613
-
Offices, Occupancy & IT
$21,948,366
$15,836,521
-28%
Interest
$0
$0
-
Depreciation
$984,053
$1,015,366
+3%
Other
$26,483,595
$32,882,338
+24%
Total Expenses
$192,639,833
$200,093,700
+4%
Net income
2023
2024
Change
Net income
+$8,862,133
+$10,680,765
+21%
Functional Expenses
Summary
2023
2024
Change
Program
$174,607,831
$180,472,550
+3%
Admin
$18,032,002
$19,621,150
+9%
Fundraising
$0
$0
-
Total Expenses
$192,639,833
$200,093,700
+4%
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