LITERACY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,315,546
Contributions
54%
Government Grants
27%
Other
10%
Fundraising Events
7%
Investments
1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,700,357
Salaries & Benefits
77%
Fees to Service Providers
14%
Other
6%
Offices, Occupancy & IT
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,705,175
$4,521,802
+67%
Government Grants
$1,639,888
$2,244,518
+37%
Fundraising Events
$677,548
$595,802
-12%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$15,130
$88,942
+488%
Other
$54,056
$864,482
+1499%
Total Revenues
$5,091,797
$8,315,546
+63%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,776,548
$4,413,029
+17%
Fees to Service Providers
$925,314
$776,447
-16%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$179,352
$186,855
+4%
Interest
$0
$0
-
Depreciation
$357
$0
-100%
Other
$274,323
$324,026
+18%
Total Expenses
$5,155,894
$5,700,357
+11%
Net income
2023
2024
Change
Net income
-$64,097
+$2,615,189
-4180%
Functional Expenses
Summary
2023
2024
Change
Program
$4,239,703
$4,691,706
+11%
Admin
$430,171
$494,957
+15%
Fundraising
$486,020
$513,694
+6%
Total Expenses
$5,155,894
$5,700,357
+11%
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