READING POWER INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,917,784
Contributions
78%
Other
21%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,597,424
Salaries & Benefits
78%
Other
7%
Fees to Service Providers
6%
Depreciation
4%
Offices, Occupancy & IT
2%
Advertising & Promotion
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$1,488,350
-
Government Grants
$1,006,092
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$17,561
$27,226
+55%
Other
$219,276
$402,208
+83%
Total Revenues
$1,242,929
$1,917,784
+54%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,064,409
$1,248,828
+17%
Fees to Service Providers
$76,902
$95,962
+25%
Advertising & Promotion
$30,069
$35,816
+19%
Offices, Occupancy & IT
$37,505
$39,794
+6%
Interest
$821
$9,085
+1007%
Depreciation
$14,314
$60,254
+321%
Other
$172,039
$107,685
-37%
Total Expenses
$1,396,059
$1,597,424
+14%
Net income
2023
2024
Change
Net income
-$153,130
+$320,360
-309%
Functional Expenses
Summary
2023
2024
Change
Program
$983,148
$1,123,858
+14%
Admin
$139,206
$153,703
+10%
Fundraising
$273,705
$319,863
+17%
Total Expenses
$1,396,059
$1,597,424
+14%
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