SHIFT EDUCATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,450,134
Contributions
98%
Investments
2%
Fundraising Events
<1%
Other
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,673,053
Salaries & Benefits
40%
Other
27%
Grants
15%
Offices, Occupancy & IT
8%
Fees to Service Providers
4%
Advertising & Promotion
4%
Depreciation
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,875,083
$5,326,763
-32%
Government Grants
$1,010
$0
-100%
Fundraising Events
$11,610
$26,392
+127%
Program Services
$327,799
$0
-100%
Membership Dues
$0
$0
-
Investments
$10,845
$90,823
+737%
Other
-$18,049
$6,156
-134%
Total Revenues
$8,208,298
$5,450,134
-34%
Expenses
2023
2024
Change
Grants
$817,329
$542,922
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,070,124
$1,472,252
+38%
Fees to Service Providers
$153,138
$160,738
+5%
Advertising & Promotion
$73,574
$144,660
+97%
Offices, Occupancy & IT
$269,470
$297,397
+10%
Interest
$0
$32,330
-
Depreciation
$18,886
$47,888
+154%
Other
$541,371
$974,866
+80%
Total Expenses
$2,943,892
$3,673,053
+25%
Net income
2023
2024
Change
Net income
+$5,264,406
+$1,777,081
-66%
Functional Expenses
Summary
2023
2024
Change
Program
$2,346,570
$3,005,713
+28%
Admin
$398,572
$481,045
+21%
Fundraising
$198,750
$186,295
-6%
Total Expenses
$2,943,892
$3,673,053
+25%
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