THRIVE SCHOLARS
THRIVE SCHOLARS
THRIVE SCHOLARS
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$18,456,224
Contributions
>99%
Investments
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$21,773,451
Salaries & Benefits
57%
Grants
22%
Fees to Service Providers
14%
Offices, Occupancy & IT
6%
Other
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$21,010,221
$18,382,714
-13%
Government Grants
$178,340
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$75,900
$63,389
-16%
Other
$0
$10,121
-
Total Revenues
$21,264,461
$18,456,224
-13%
Expenses
2023
2024
Change
Grants
$4,437,309
$4,709,628
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,178,349
$12,304,490
+21%
Fees to Service Providers
$3,377,362
$2,989,713
-11%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,480,493
$1,200,722
-19%
Interest
$0
$0
-
Depreciation
$59,655
$125,010
+110%
Other
$574,553
$443,888
-23%
Total Expenses
$20,107,721
$21,773,451
+8%
Net income
2023
2024
Change
Net income
+$1,156,740
-$3,317,227
-387%
Functional Expenses
Summary
2023
2024
Change
Program
$15,390,021
$17,211,173
+12%
Admin
$1,425,537
$1,579,518
+11%
Fundraising
$3,292,163
$2,982,760
-9%
Total Expenses
$20,107,721
$21,773,451
+8%
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