The Refugee Education Center
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,778,352
Contributions
62%
Government Grants
37%
Investments
<1%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,057,132
Salaries & Benefits
72%
Fees to Service Providers
14%
Offices, Occupancy & IT
11%
Other
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,011,138
$1,733,750
+71%
Government Grants
$433,064
$1,029,976
+138%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$11,437
$13,610
+19%
Other
$0
$1,016
-
Total Revenues
$1,455,639
$2,778,352
+91%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,341,023
$1,487,811
+11%
Fees to Service Providers
$311,726
$285,194
-9%
Advertising & Promotion
$20,035
$5,252
-74%
Offices, Occupancy & IT
$173,015
$229,660
+33%
Interest
$0
$0
-
Depreciation
$3,866
$0
-100%
Other
$93,945
$49,215
-48%
Total Expenses
$1,943,610
$2,057,132
+6%
Net income
2023
2024
Change
Net income
-$487,971
+$721,220
-248%
Functional Expenses
Summary
2023
2024
Change
Program
$1,222,910
$1,448,779
+18%
Admin
$527,245
$433,305
-18%
Fundraising
$193,455
$175,048
-10%
Total Expenses
$1,943,610
$2,057,132
+6%
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