THE CENTER FOR EDUCATION REFORM
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,749,219
Contributions
99%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$22,559,312
Grants
66%
Salaries & Benefits
16%
Other
11%
Fees to Service Providers
4%
Advertising & Promotion
2%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$45,080,396
$11,613,429
-74%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$7,471
$32,803
+339%
Other
$0
$102,987
-
Total Revenues
$45,087,867
$11,749,219
-74%
Expenses
2023
2024
Change
Grants
$25,547,050
$14,911,728
-42%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,741,919
$3,549,365
+104%
Fees to Service Providers
$250,930
$965,376
+285%
Advertising & Promotion
$0
$440,987
-
Offices, Occupancy & IT
$77,743
$190,561
+145%
Interest
$0
$0
-
Depreciation
$11,065
$5,422
-51%
Other
$4,458,319
$2,495,873
-44%
Total Expenses
$32,087,026
$22,559,312
-30%
Net income
2023
2024
Change
Net income
+$13,000,841
-$10,810,093
-183%
Functional Expenses
Summary
2023
2024
Change
Program
$31,882,797
$22,227,730
-30%
Admin
$101,818
$165,455
+63%
Fundraising
$102,411
$166,127
+62%
Total Expenses
$32,087,026
$22,559,312
-30%
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