THE LITERACY LAB
THE LITERACY LAB
THE LITERACY LAB
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$14,529,354
Government Grants
59%
Contributions
25%
Program Services
14%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$21,662,165
Salaries & Benefits
78%
Other
13%
Fees to Service Providers
5%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,085,706
$3,681,374
-10%
Government Grants
$9,565,987
$8,609,103
-10%
Fundraising Events
$0
$0
-
Program Services
$2,705,623
$2,012,241
-26%
Membership Dues
$0
$0
-
Investments
$143,882
$226,636
+58%
Other
$0
$0
-
Total Revenues
$16,501,198
$14,529,354
-12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,960,464
$16,840,521
+6%
Fees to Service Providers
$662,097
$1,126,235
+70%
Advertising & Promotion
$36,152
$42,582
+18%
Offices, Occupancy & IT
$735,014
$795,148
+8%
Interest
$0
$0
-
Depreciation
$29,689
$15,285
-49%
Other
$2,241,997
$2,842,394
+27%
Total Expenses
$19,665,413
$21,662,165
+10%
Net income
2023
2024
Change
Net income
-$3,164,215
-$7,132,811
-125%
Functional Expenses
Summary
2023
2024
Change
Program
$16,263,315
$18,173,142
+12%
Admin
$2,244,427
$1,716,118
-24%
Fundraising
$1,157,671
$1,772,905
+53%
Total Expenses
$19,665,413
$21,662,165
+10%
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