VIRGINIA LITERACY FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$1,724,748
Contributions
87%
Government Grants
13%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$690,363
Salaries & Benefits
45%
Other
33%
Grants
21%
Depreciation
<1%
Fees to Service Providers
<1%
Interest
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$485,956
$1,494,080
+207%
Government Grants
$200,000
$222,511
+11%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$6,424
$8,157
+27%
Other
$378
$0
-100%
Total Revenues
$692,758
$1,724,748
+149%
Expenses
2024
2025
Change
Grants
$109,450
$143,060
+31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$256,208
$308,506
+20%
Fees to Service Providers
$4,722
$4,700
0%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,748
$65
-98%
Interest
$890
$799
-10%
Depreciation
$4,880
$4,972
+2%
Other
$215,998
$228,261
+6%
Total Expenses
$595,896
$690,363
+16%
Net income
2024
2025
Change
Net income
+$96,862
+$1,034,385
+968%
Functional Expenses
Summary
2024
2025
Change
Program
$552,651
$620,723
+12%
Admin
$38,171
$58,390
+53%
Fundraising
$5,074
$11,250
+122%
Total Expenses
$595,896
$690,363
+16%
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