SME EDUCATION FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,020,945
Contributions
45%
Other
32%
Government Grants
12%
Investments
10%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,699,217
Grants
78%
Salaries & Benefits
13%
Other
6%
Fees to Service Providers
2%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,927,023
$3,577,963
-9%
Government Grants
$6,000,000
$1,000,000
-83%
Fundraising Events
$0
$0
-
Program Services
$804,109
$79,460
-90%
Membership Dues
$0
$0
-
Investments
$493,295
$773,607
+57%
Other
$2,275,748
$2,589,915
+14%
Total Revenues
$13,500,175
$8,020,945
-41%
Expenses
2023
2024
Change
Grants
$4,584,399
$7,525,238
+64%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,262,866
$1,286,277
+2%
Fees to Service Providers
$427,205
$192,418
-55%
Advertising & Promotion
$28,500
$69,858
+145%
Offices, Occupancy & IT
$51,988
$83,594
+61%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$379,186
$541,832
+43%
Total Expenses
$6,734,144
$9,699,217
+44%
Net income
2023
2024
Change
Net income
+$6,766,031
-$1,678,272
-125%
Functional Expenses
Summary
2023
2024
Change
Program
$6,061,970
$8,681,211
+43%
Admin
$347,122
$469,081
+35%
Fundraising
$325,052
$548,925
+69%
Total Expenses
$6,734,144
$9,699,217
+44%
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