LEARN MORE CENTER INC

Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$708,934
Contributions
65%
Government Grants
35%
Program Services
<1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$394,833
Salaries & Benefits
72%
Offices, Occupancy & IT
15%
Other
9%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$188,053
$459,369
+144%
Government Grants
$102,167
$245,173
+140%
Fundraising Events
$0
$0
-
Program Services
$2,544
$3,723
+46%
Membership Dues
$0
$0
-
Investments
$181
$157
-13%
Other
$421
$512
+22%
Total Revenues
$293,366
$708,934
+142%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$246,796
$283,586
+15%
Fees to Service Providers
$7,270
$13,826
+90%
Advertising & Promotion
$1,101
$1,319
+20%
Offices, Occupancy & IT
$53,413
$58,606
+10%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$31,708
$37,496
+18%
Total Expenses
$340,288
$394,833
+16%
Net income
2023
2024
Change
Net income
-$46,922
+$314,101
-769%
Functional Expenses
Summary
2023
2024
Change
Program
$221,771
$270,183
+22%
Admin
$100,788
$84,025
-17%
Fundraising
$17,729
$40,625
+129%
Total Expenses
$340,288
$394,833
+16%
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