VIRGINIA LITERACY FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$692,758
Contributions
70%
Government Grants
29%
Investments
<1%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$595,896
Salaries & Benefits
43%
Other
36%
Grants
18%
Depreciation
<1%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$435,331
$485,956
+12%
Government Grants
$200,000
$200,000
+0%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$199
$6,424
+3128%
Other
$814
$378
-54%
Total Revenues
$636,344
$692,758
+9%
Expenses
2023
2024
Change
Grants
$130,011
$109,450
-16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$235,675
$256,208
+9%
Fees to Service Providers
$5,735
$4,722
-18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$8,267
$3,748
-55%
Interest
$0
$890
-
Depreciation
$0
$4,880
-
Other
$192,326
$215,998
+12%
Total Expenses
$572,014
$595,896
+4%
Net income
2023
2024
Change
Net income
+$64,330
+$96,862
+51%
Functional Expenses
Summary
2023
2024
Change
Program
$478,581
$552,651
+15%
Admin
$58,905
$38,171
-35%
Fundraising
$34,528
$5,074
-85%
Total Expenses
$572,014
$595,896
+4%
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