CHILDREN'S LITERACY INITIATIVE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,853,753
Program Services
60%
Contributions
27%
Government Grants
13%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,545,550
Salaries & Benefits
79%
Offices, Occupancy & IT
9%
Other
7%
Fees to Service Providers
4%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,030,266
$2,351,875
+16%
Government Grants
$5,271,271
$1,174,528
-78%
Fundraising Events
$0
$0
-
Program Services
$4,735,836
$5,287,452
+12%
Membership Dues
$0
$0
-
Investments
$60,816
$34,568
-43%
Other
$8,916
$5,330
-40%
Total Revenues
$12,107,105
$8,853,753
-27%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,513,811
$10,696,460
+2%
Fees to Service Providers
$1,361,445
$512,714
-62%
Advertising & Promotion
$14,243
$32,707
+130%
Offices, Occupancy & IT
$1,236,193
$1,281,979
+4%
Interest
$0
$7,039
-
Depreciation
$48,734
$78,101
+60%
Other
$590,051
$936,550
+59%
Total Expenses
$13,764,477
$13,545,550
-2%
Net income
2023
2024
Change
Net income
-$1,657,372
-$4,691,797
-183%
Functional Expenses
Summary
2023
2024
Change
Program
$11,187,189
$10,961,662
-2%
Admin
$1,581,318
$1,463,332
-7%
Fundraising
$995,970
$1,120,556
+13%
Total Expenses
$13,764,477
$13,545,550
-2%
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