PHILLIPS FUNDAMENTAL LEARNING CENTER INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,132,843
Government Grants
61%
Other
15%
Program Services
11%
Contributions
9%
Fundraising Events
3%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$3,131,164
Salaries & Benefits
43%
Other
21%
Depreciation
15%
Offices, Occupancy & IT
9%
Advertising & Promotion
6%
Fees to Service Providers
5%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$540,702
$707,453
+31%
Government Grants
$731,007
$4,990,277
+583%
Fundraising Events
$236,873
$282,942
+19%
Program Services
$740,201
$883,874
+19%
Membership Dues
$0
$0
-
Investments
$20,609
$28,735
+39%
Other
$12,776,669
$1,239,562
-90%
Total Revenues
$15,046,061
$8,132,843
-46%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,014,759
$1,352,483
+33%
Fees to Service Providers
$121,941
$145,779
+20%
Advertising & Promotion
$35,475
$191,529
+440%
Offices, Occupancy & IT
$207,295
$296,399
+43%
Interest
$0
$0
-
Depreciation
$22,323
$484,553
+2071%
Other
$431,328
$660,421
+53%
Total Expenses
$1,833,121
$3,131,164
+71%
Net income
2023
2024
Change
Net income
+$13,212,940
+$5,001,679
-62%
Functional Expenses
Summary
2023
2024
Change
Program
$1,460,940
$2,194,092
+50%
Admin
$253,734
$794,233
+213%
Fundraising
$118,447
$142,839
+21%
Total Expenses
$1,833,121
$3,131,164
+71%
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