MEMPHIS EDUCATION FUND INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,867,433
Contributions
97%
Other
3%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,702,797
Grants
66%
Salaries & Benefits
19%
Offices, Occupancy & IT
6%
Depreciation
4%
Other
3%
Fees to Service Providers
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,477,613
$4,709,191
+35%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,107
$2,181
+4%
Other
$1,838
$156,061
+8391%
Total Revenues
$3,481,558
$4,867,433
+40%
Expenses
2023
2024
Change
Grants
$2,094,520
$3,089,286
+47%
Benefits to Members
$0
$0
-
Salaries & Benefits
$793,734
$890,925
+12%
Fees to Service Providers
$193,082
$90,696
-53%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$475,878
$281,209
-41%
Interest
$0
$0
-
Depreciation
$208,428
$191,845
-8%
Other
$121,002
$158,836
+31%
Total Expenses
$3,886,644
$4,702,797
+21%
Net income
2023
2024
Change
Net income
-$405,086
+$164,636
-141%
Functional Expenses
Summary
2023
2024
Change
Program
$3,189,418
$3,574,091
+12%
Admin
$697,226
$1,128,706
+62%
Fundraising
$0
$0
-
Total Expenses
$3,886,644
$4,702,797
+21%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)