GOVERNOR'S EARLY LITERACY FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$22,655,550
Government Grants
77%
Other
15%
Investments
5%
Contributions
3%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$19,682,268
Other
87%
Salaries & Benefits
7%
Advertising & Promotion
3%
Offices, Occupancy & IT
1%
Fees to Service Providers
<1%
Grants
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,024,356
$763,644
-25%
Government Grants
$20,119,717
$17,459,182
-13%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$477,749
$1,091,835
+129%
Other
$3,308,309
$3,340,889
+1%
Total Revenues
$24,930,131
$22,655,550
-9%
Expenses
2023
2024
Change
Grants
$63,333
$25,215
-60%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,066,634
$1,475,555
+38%
Fees to Service Providers
$142,375
$185,165
+30%
Advertising & Promotion
$411,447
$594,478
+44%
Offices, Occupancy & IT
$162,174
$203,303
+25%
Interest
$0
$0
-
Depreciation
$8,406
$9,771
+16%
Other
$21,345,941
$17,188,781
-19%
Total Expenses
$23,200,310
$19,682,268
-15%
Net income
2023
2024
Change
Net income
+$1,729,821
+$2,973,282
+72%
Functional Expenses
Summary
2023
2024
Change
Program
$21,900,508
$17,890,303
-18%
Admin
$565,900
$786,005
+39%
Fundraising
$733,902
$1,005,960
+37%
Total Expenses
$23,200,310
$19,682,268
-15%
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