MEMPHIS TEACHER RESIDENCY INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$7,623,924
Contributions
64%
Government Grants
17%
Program Services
16%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$6,156,706
Salaries & Benefits
50%
Other
21%
Offices, Occupancy & IT
13%
Fees to Service Providers
11%
Depreciation
4%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$3,513,589
$4,874,387
+39%
Government Grants
$1,222,255
$1,267,111
+4%
Fundraising Events
$0
$0
-
Program Services
$1,771,637
$1,235,524
-30%
Membership Dues
$0
$0
-
Investments
$158,330
$246,902
+56%
Other
$0
$0
-
Total Revenues
$6,665,811
$7,623,924
+14%
Expenses
2024
2025
Change
Grants
$55,807
$59,167
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,788,669
$3,097,456
+11%
Fees to Service Providers
$518,620
$648,787
+25%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$686,064
$824,374
+20%
Interest
$0
$0
-
Depreciation
$219,479
$227,934
+4%
Other
$1,161,004
$1,298,988
+12%
Total Expenses
$5,429,643
$6,156,706
+13%
Net income
2024
2025
Change
Net income
+$1,236,168
+$1,467,218
+19%
Functional Expenses
Summary
2024
2025
Change
Program
$4,373,075
$5,015,730
+15%
Admin
$888,959
$970,806
+9%
Fundraising
$167,609
$170,170
+2%
Total Expenses
$5,429,643
$6,156,706
+13%
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