WASHINGTON LITERACY CENTER
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,293,953
Government Grants
78%
Contributions
22%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$2,230,326
Salaries & Benefits
49%
Offices, Occupancy & IT
25%
Other
17%
Fees to Service Providers
9%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$191,590
$510,331
+166%
Government Grants
$1,679,130
$1,783,622
+6%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$1,870,720
$2,293,953
+23%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,071,976
$1,091,413
+2%
Fees to Service Providers
$278,545
$203,490
-27%
Advertising & Promotion
$852
$2,547
+199%
Offices, Occupancy & IT
$526,591
$555,771
+6%
Interest
$0
$0
-
Depreciation
$7,296
$5,491
-25%
Other
$311,425
$371,614
+19%
Total Expenses
$2,196,685
$2,230,326
+2%
Net income
2023
2024
Change
Net income
-$325,965
+$63,627
-120%
Functional Expenses
Summary
2023
2024
Change
Program
$1,162,553
$1,211,627
+4%
Admin
$955,695
$963,621
+1%
Fundraising
$78,437
$55,078
-30%
Total Expenses
$2,196,685
$2,230,326
+2%
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