EDUCATIONAL TESTING SERVICE
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$1,091,599,460
Program Services
83%
Other
16%
Government Grants
<1%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,069,258,885
Fees to Service Providers
44%
Salaries & Benefits
38%
Offices, Occupancy & IT
9%
Depreciation
5%
Other
2%
Advertising & Promotion
<1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$915,727
-
Government Grants
$4,848,675
$5,349,786
+10%
Fundraising Events
$0
$0
-
Program Services
$918,618,983
$908,964,533
-1%
Membership Dues
$0
$0
-
Investments
$5,395,323
$445,267
-92%
Other
$129,361,355
$175,924,147
+36%
Total Revenues
$1,058,224,336
$1,091,599,460
+3%
Expenses
2023
2024
Change
Grants
$1,190,250
$762,250
-36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$341,735,534
$409,056,895
+20%
Fees to Service Providers
$487,093,251
$475,351,602
-2%
Advertising & Promotion
$16,480,648
$10,154,600
-38%
Offices, Occupancy & IT
$135,019,036
$93,924,866
-30%
Interest
$1,220,040
$178,077
-85%
Depreciation
$41,268,922
$58,668,500
+42%
Other
$43,866,945
$21,162,095
-52%
Total Expenses
$1,067,874,626
$1,069,258,885
+0%
Net income
2023
2024
Change
Net income
-$9,650,290
+$22,340,575
-332%
Functional Expenses
Summary
2023
2024
Change
Program
$916,021,585
$876,303,140
-4%
Admin
$151,853,041
$192,955,745
+27%
Fundraising
$0
$0
-
Total Expenses
$1,067,874,626
$1,069,258,885
+0%
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