REACH OUT AND READ INC
REACH OUT AND READ INC
REACH OUT AND READ INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$26,788,294
Contributions
74%
Government Grants
22%
Investments
3%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$24,059,871
Salaries & Benefits
41%
Grants
32%
Other
13%
Fees to Service Providers
8%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$23,323,505
$19,919,815
-15%
Government Grants
$5,582,105
$5,943,988
+6%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$243,571
$723,224
+197%
Other
$91,485
$201,267
+120%
Total Revenues
$29,240,666
$26,788,294
-8%
Expenses
2023
2024
Change
Grants
$6,265,417
$7,726,829
+23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,892,293
$9,931,817
+26%
Fees to Service Providers
$1,553,121
$1,949,883
+26%
Advertising & Promotion
$72,316
$141,646
+96%
Offices, Occupancy & IT
$689,142
$1,065,980
+55%
Interest
$0
$0
-
Depreciation
$87,418
$96,450
+10%
Other
$1,776,203
$3,147,266
+77%
Total Expenses
$18,335,910
$24,059,871
+31%
Net income
2023
2024
Change
Net income
+$10,904,756
+$2,728,423
-75%
Functional Expenses
Summary
2023
2024
Change
Program
$15,163,271
$19,753,715
+30%
Admin
$1,478,839
$2,216,457
+50%
Fundraising
$1,693,800
$2,089,699
+23%
Total Expenses
$18,335,910
$24,059,871
+31%
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