HORIZON EDUCATION CENTERS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$23,952,896
Program Services
54%
Government Grants
24%
Contributions
21%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$23,324,741
Salaries & Benefits
61%
Other
27%
Offices, Occupancy & IT
4%
Depreciation
4%
Interest
3%
Advertising & Promotion
1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,322,032
$4,962,761
-7%
Government Grants
$4,690,180
$5,796,134
+24%
Fundraising Events
$0
$0
-
Program Services
$11,741,299
$13,028,721
+11%
Membership Dues
$0
$0
-
Investments
$26,509
$49,773
+88%
Other
$172,419
$115,507
-33%
Total Revenues
$21,952,439
$23,952,896
+9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,250,330
$14,287,141
+8%
Fees to Service Providers
$109,113
$124,023
+14%
Advertising & Promotion
$371,474
$322,164
-13%
Offices, Occupancy & IT
$751,985
$861,250
+15%
Interest
$713,584
$698,981
-2%
Depreciation
$797,648
$833,406
+4%
Other
$5,698,148
$6,197,776
+9%
Total Expenses
$21,692,282
$23,324,741
+8%
Net income
2023
2024
Change
Net income
+$260,157
+$628,155
+141%
Functional Expenses
Summary
2023
2024
Change
Program
$20,571,910
$22,100,957
+7%
Admin
$1,120,372
$1,223,784
+9%
Fundraising
$0
$0
-
Total Expenses
$21,692,282
$23,324,741
+8%
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