AMERICAN COUNCIL ON EDUCATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$36,261,997
Program Services
63%
Other
19%
Contributions
12%
Investments
6%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$38,780,129
Salaries & Benefits
57%
Fees to Service Providers
23%
Other
8%
Offices, Occupancy & IT
7%
Depreciation
5%
Advertising & Promotion
<1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,389,671
$4,453,309
-57%
Government Grants
$32,486
$57,297
+76%
Fundraising Events
$0
$0
-
Program Services
$21,263,289
$22,765,558
+7%
Membership Dues
$0
$0
-
Investments
$2,447,801
$2,234,210
-9%
Other
$5,597,788
$6,751,623
+21%
Total Revenues
$39,731,035
$36,261,997
-9%
Expenses
2023
2024
Change
Grants
$70,409
$22,000
-69%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,821,016
$22,083,906
+6%
Fees to Service Providers
$6,704,080
$8,844,066
+32%
Advertising & Promotion
$69,884
$22,251
-68%
Offices, Occupancy & IT
$2,526,852
$2,840,377
+12%
Interest
$1,331
$781
-41%
Depreciation
$2,097,940
$1,916,879
-9%
Other
$3,646,958
$3,049,869
-16%
Total Expenses
$35,938,470
$38,780,129
+8%
Net income
2023
2024
Change
Net income
+$3,792,565
-$2,518,132
-166%
Functional Expenses
Summary
2023
2024
Change
Program
$24,534,414
$26,411,959
+8%
Admin
$10,595,088
$11,273,673
+6%
Fundraising
$808,968
$1,094,497
+35%
Total Expenses
$35,938,470
$38,780,129
+8%
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