JM EDUCATIONAL GROUP
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,634,368
Program Services
55%
Contributions
25%
Other
19%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,343,509
Salaries & Benefits
69%
Other
20%
Fees to Service Providers
6%
Advertising & Promotion
3%
Offices, Occupancy & IT
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$598,541
$913,209
+53%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,730,083
$1,999,893
+16%
Membership Dues
$0
$0
-
Investments
$0
$15,104
-
Other
$693,452
$706,162
+2%
Total Revenues
$3,022,076
$3,634,368
+20%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,561,595
$2,299,207
+47%
Fees to Service Providers
$59,979
$185,744
+210%
Advertising & Promotion
$27,930
$106,197
+280%
Offices, Occupancy & IT
$77,260
$83,986
+9%
Interest
$0
$0
-
Depreciation
$166
$0
-100%
Other
$859,701
$668,375
-22%
Total Expenses
$2,586,631
$3,343,509
+29%
Net income
2023
2024
Change
Net income
+$435,445
+$290,859
-33%
Functional Expenses
Summary
2023
2024
Change
Program
$2,463,682
$2,685,917
+9%
Admin
$116,125
$560,578
+383%
Fundraising
$6,824
$97,014
+1322%
Total Expenses
$2,586,631
$3,343,509
+29%
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