Logo for "INNER CITY SCHOLARSHIP FUND INC"

INNER CITY SCHOLARSHIP FUND INC

INNER CITY SCHOLARSHIP FUND INC

New York, NY, US
501(c)(3)
EIN
51-0453629
Regional Funder
Subordinate Organization
Logo for "INNER CITY SCHOLARSHIP FUND INC"

INNER CITY SCHOLARSHIP FUND INC

New York, NY, US
501(c)(3)
EIN
51-0453629
Regional Funder
Subordinate Organization

Income Statement

Fiscal Year Start:
Sep 1
Revenues in 2024

$26,514,486

Contributions
75%
Fundraising Events
13%
Investments
8%
Other
4%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$21,459,132

Grants
81%
Salaries & Benefits
10%
Fees to Service Providers
5%
Other
2%
Offices, Occupancy & IT
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$16,821,064
$19,946,896
+19%
Government Grants
$0
$0
-
Fundraising Events
$2,904,627
$3,513,883
+21%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$2,019,905
-
Other
-$405,339
$1,033,802
-355%
Total Revenues
$19,320,352
$26,514,486
+37%
Expenses
2023
2024
Change
Grants
$16,396,787
$17,357,911
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,877,725
$2,150,942
+15%
Fees to Service Providers
$1,042,387
$1,138,745
+9%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$284,369
$367,341
+29%
Interest
$0
$0
-
Depreciation
$20,270
$20,270
+0%
Other
$437,700
$423,923
-3%
Total Expenses
$20,059,238
$21,459,132
+7%
Net income
2023
2024
Change
Net income
-$738,886
+$5,055,354
-784%
Functional Expenses
Summary
2023
2024
Change
Program
$16,912,908
$17,845,213
+6%
Admin
$1,059,381
$1,237,355
+17%
Fundraising
$2,086,949
$2,376,564
+14%
Total Expenses
$20,059,238
$21,459,132
+7%
Income Statement
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