PowerMyLearning Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,931,928
Contributions
52%
Government Grants
21%
Program Services
19%
Fundraising Events
4%
Other
2%
Investments
1%
Membership Dues
0%
Expenses in 2024
$7,555,528
Salaries & Benefits
77%
Fees to Service Providers
14%
Offices, Occupancy & IT
6%
Other
3%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,250,226
$3,114,206
-4%
Government Grants
$1,002,088
$1,266,781
+26%
Fundraising Events
$240,886
$236,997
-2%
Program Services
$1,713,580
$1,108,372
-35%
Membership Dues
$0
$0
-
Investments
$82,800
$88,842
+7%
Other
$0
$116,730
-
Total Revenues
$6,289,580
$5,931,928
-6%
Expenses
2023
2024
Change
Grants
$118,800
$19,800
-83%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,227,045
$5,793,724
-7%
Fees to Service Providers
$1,419,502
$1,068,637
-25%
Advertising & Promotion
$4,612
$1,487
-68%
Offices, Occupancy & IT
$433,498
$464,420
+7%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$186,863
$207,460
+11%
Total Expenses
$8,390,320
$7,555,528
-10%
Net income
2023
2024
Change
Net income
-$2,100,740
-$1,623,600
+23%
Functional Expenses
Summary
2023
2024
Change
Program
$7,422,503
$6,435,029
-13%
Admin
$695,503
$935,931
+35%
Fundraising
$272,314
$184,568
-32%
Total Expenses
$8,390,320
$7,555,528
-10%
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