COLLEGE SUMMIT INC
Income Statement
Fiscal Year Start:
May 1
Revenues in 2024
$2,739,665
Program Services
41%
Contributions
38%
Other
11%
Investments
10%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,942,306
Salaries & Benefits
52%
Other
23%
Offices, Occupancy & IT
14%
Fees to Service Providers
10%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,362,645
$1,048,845
-92%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,008,007
$1,118,160
+11%
Membership Dues
$0
$0
-
Investments
$54,086
$279,438
+417%
Other
$233,550
$293,222
+26%
Total Revenues
$13,658,288
$2,739,665
-80%
Expenses
2023
2024
Change
Grants
$94,062
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,356,612
$3,063,762
+30%
Fees to Service Providers
$669,811
$586,287
-12%
Advertising & Promotion
$90,776
$29,393
-68%
Offices, Occupancy & IT
$427,435
$826,197
+93%
Interest
$4,009
$3,914
-2%
Depreciation
$67,562
$73,451
+9%
Other
$983,361
$1,359,302
+38%
Total Expenses
$4,693,628
$5,942,306
+27%
Net income
2023
2024
Change
Net income
+$8,964,660
-$3,202,641
-136%
Functional Expenses
Summary
2023
2024
Change
Program
$2,176,995
$2,877,281
+32%
Admin
$2,094,477
$2,503,956
+20%
Fundraising
$422,156
$561,069
+33%
Total Expenses
$4,693,628
$5,942,306
+27%
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