SCHOLARSHIP AMERICA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$259,860,246
Contributions
91%
Program Services
6%
Investments
2%
Other
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$243,305,423
Grants
91%
Salaries & Benefits
6%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Other
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$219,556,301
$236,877,745
+8%
Government Grants
$0
$0
-
Fundraising Events
$625,408
$85,000
-86%
Program Services
$14,952,460
$15,480,096
+4%
Membership Dues
$0
$0
-
Investments
$4,862,620
$6,150,711
+26%
Other
$274,551
$1,266,694
+361%
Total Revenues
$240,271,340
$259,860,246
+8%
Expenses
2023
2024
Change
Grants
$215,549,959
$220,776,739
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,563,309
$14,674,148
+8%
Fees to Service Providers
$2,182,900
$4,142,880
+90%
Advertising & Promotion
$220,138
$341,207
+55%
Offices, Occupancy & IT
$1,215,424
$1,352,488
+11%
Interest
$79,499
$60,730
-24%
Depreciation
$1,191,488
$1,061,212
-11%
Other
$738,244
$896,019
+21%
Total Expenses
$234,740,961
$243,305,423
+4%
Net income
2023
2024
Change
Net income
+$5,530,379
+$16,554,823
+199%
Functional Expenses
Summary
2023
2024
Change
Program
$223,497,427
$229,805,109
+3%
Admin
$9,210,014
$11,394,019
+24%
Fundraising
$2,033,520
$2,106,295
+4%
Total Expenses
$234,740,961
$243,305,423
+4%
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