EDUCATION FOR CHANGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$73,974,571
Government Grants
96%
Contributions
4%
Investments
<1%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$60,884,748
Salaries & Benefits
70%
Fees to Service Providers
12%
Other
9%
Offices, Occupancy & IT
5%
Depreciation
3%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,508,523
$2,808,277
+12%
Government Grants
$53,514,504
$70,792,889
+32%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$334,504
-
Other
$40,181
$38,901
-3%
Total Revenues
$56,063,208
$73,974,571
+32%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$37,615,894
$42,501,219
+13%
Fees to Service Providers
$5,982,296
$7,502,391
+25%
Advertising & Promotion
$111,828
$107,575
-4%
Offices, Occupancy & IT
$3,106,369
$3,012,593
-3%
Interest
$943,473
$793,460
-16%
Depreciation
$1,244,620
$1,543,993
+24%
Other
$4,571,147
$5,423,517
+19%
Total Expenses
$53,575,627
$60,884,748
+14%
Net income
2023
2024
Change
Net income
+$2,487,581
+$13,089,823
+426%
Functional Expenses
Summary
2023
2024
Change
Program
$42,303,602
$46,565,355
+10%
Admin
$11,272,025
$14,319,393
+27%
Fundraising
$0
$0
-
Total Expenses
$53,575,627
$60,884,748
+14%
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