REACH UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$29,261,973
Program Services
67%
Contributions
23%
Government Grants
9%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$27,555,956
Salaries & Benefits
44%
Grants
43%
Other
7%
Fees to Service Providers
2%
Advertising & Promotion
2%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,317,671
$6,649,471
+25%
Government Grants
$2,023,367
$2,747,903
+36%
Fundraising Events
$0
$0
-
Program Services
$11,441,791
$19,663,169
+72%
Membership Dues
$0
$0
-
Investments
$24,903
$200,648
+706%
Other
$0
$782
-
Total Revenues
$18,807,732
$29,261,973
+56%
Expenses
2023
2024
Change
Grants
$7,939,301
$11,885,621
+50%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,813,448
$12,166,074
+79%
Fees to Service Providers
$858,165
$657,252
-23%
Advertising & Promotion
$277,919
$651,106
+134%
Offices, Occupancy & IT
$852,462
$171,088
-80%
Interest
$13,322
$12,989
-2%
Depreciation
$11,862
$26,941
+127%
Other
$514,083
$1,984,885
+286%
Total Expenses
$17,280,562
$27,555,956
+59%
Net income
2023
2024
Change
Net income
+$1,527,170
+$1,706,017
+12%
Functional Expenses
Summary
2023
2024
Change
Program
$13,418,412
$22,534,975
+68%
Admin
$3,862,150
$5,020,981
+30%
Fundraising
$0
$0
-
Total Expenses
$17,280,562
$27,555,956
+59%
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