DENVER SCHOLARSHIP FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$16,520,489
Contributions
57%
Government Grants
28%
Fundraising Events
6%
Other
5%
Investments
4%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$17,295,393
Grants
44%
Salaries & Benefits
43%
Offices, Occupancy & IT
7%
Other
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$10,284,588
$9,472,093
-8%
Government Grants
$3,785,018
$4,637,236
+23%
Fundraising Events
$1,076,655
$1,023,846
-5%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$913,130
$630,200
-31%
Other
-$872,553
$757,114
-187%
Total Revenues
$15,186,838
$16,520,489
+9%
Expenses
2023
2024
Change
Grants
$7,136,682
$7,664,481
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,465,157
$7,468,565
+16%
Fees to Service Providers
$300,793
$346,085
+15%
Advertising & Promotion
$0
$68,929
-
Offices, Occupancy & IT
$938,827
$1,261,098
+34%
Interest
$0
$0
-
Depreciation
$16,765
$20,292
+21%
Other
$1,313,975
$465,943
-65%
Total Expenses
$16,172,199
$17,295,393
+7%
Net income
2023
2024
Change
Net income
-$985,361
-$774,904
+21%
Functional Expenses
Summary
2023
2024
Change
Program
$13,058,423
$14,004,338
+7%
Admin
$1,894,541
$2,119,273
+12%
Fundraising
$1,219,235
$1,171,782
-4%
Total Expenses
$16,172,199
$17,295,393
+7%
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