READING IS FUNDAMENTAL INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2025
$18,697,726
Contributions
63%
Program Services
17%
Government Grants
13%
Other
3%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$15,678,781
Salaries & Benefits
30%
Grants
27%
Fees to Service Providers
23%
Offices, Occupancy & IT
10%
Other
7%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$7,639,746
$11,736,395
+54%
Government Grants
$1,250,000
$2,500,000
+100%
Fundraising Events
$0
$0
-
Program Services
$2,882,666
$3,226,140
+12%
Membership Dues
$0
$0
-
Investments
$637,989
$599,659
-6%
Other
$385,766
$635,532
+65%
Total Revenues
$12,796,167
$18,697,726
+46%
Expenses
2024
2025
Change
Grants
$3,420,967
$4,254,588
+24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,477,452
$4,695,615
+5%
Fees to Service Providers
$1,802,845
$3,672,870
+104%
Advertising & Promotion
$531,661
$231,454
-56%
Offices, Occupancy & IT
$1,580,247
$1,538,548
-3%
Interest
$0
$0
-
Depreciation
$91,131
$110,270
+21%
Other
$1,632,477
$1,175,436
-28%
Total Expenses
$13,536,780
$15,678,781
+16%
Net income
2024
2025
Change
Net income
-$740,613
+$3,018,945
-508%
Functional Expenses
Summary
2024
2025
Change
Program
$9,320,003
$10,859,515
+17%
Admin
$1,548,229
$2,136,925
+38%
Fundraising
$2,668,548
$2,682,341
+1%
Total Expenses
$13,536,780
$15,678,781
+16%
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