Next Generation Scholars Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,692,010
Contributions
98%
Program Services
2%
Investments
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,645,128
Salaries & Benefits
52%
Other
32%
Offices, Occupancy & IT
9%
Fees to Service Providers
7%
Advertising & Promotion
<1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,126,012
$3,600,967
+220%
Government Grants
$32,500
$0
-100%
Fundraising Events
$4,480
$0
-100%
Program Services
$34,065
$57,125
+68%
Membership Dues
$0
$0
-
Investments
$295
$25,414
+8515%
Other
$0
$8,504
-
Total Revenues
$1,197,352
$3,692,010
+208%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$766,711
$858,941
+12%
Fees to Service Providers
$181,199
$108,824
-40%
Advertising & Promotion
$1,621
$3,142
+94%
Offices, Occupancy & IT
$38,603
$143,585
+272%
Interest
$427
$209
-51%
Depreciation
$2,192
$2,191
0%
Other
$345,242
$528,236
+53%
Total Expenses
$1,335,995
$1,645,128
+23%
Net income
2023
2024
Change
Net income
-$138,643
+$2,046,882
-1576%
Functional Expenses
Summary
2023
2024
Change
Program
$944,168
$1,187,772
+26%
Admin
$86,322
$145,819
+69%
Fundraising
$305,505
$311,537
+2%
Total Expenses
$1,335,995
$1,645,128
+23%
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