MUSLIM EDUCATION RESOURCE COUNCIL INC
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$2,860,378
Program Services
78%
Contributions
14%
Government Grants
5%
Fundraising Events
2%
Other
1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$2,831,296
Salaries & Benefits
66%
Offices, Occupancy & IT
21%
Other
10%
Grants
2%
Depreciation
2%
Fees to Service Providers
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$372,367
$386,780
+4%
Government Grants
$9,280
$150,400
+1521%
Fundraising Events
$50,446
$43,265
-14%
Program Services
$2,119,811
$2,240,097
+6%
Membership Dues
$0
$0
-
Investments
$19,319
$6,109
-68%
Other
$24,523
$33,727
+38%
Total Revenues
$2,595,746
$2,860,378
+10%
Expenses
2023
2024
Change
Grants
$76,740
$50,494
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,681,567
$1,855,401
+10%
Fees to Service Providers
$4,474
$7,092
+59%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$561,100
$596,664
+6%
Interest
$2,016
$2,181
+8%
Depreciation
$30,067
$43,873
+46%
Other
$268,302
$275,591
+3%
Total Expenses
$2,624,266
$2,831,296
+8%
Net income
2023
2024
Change
Net income
-$28,520
+$29,082
-202%
Functional Expenses
Summary
2023
2024
Change
Program
$2,073,446
$2,666,676
+29%
Admin
$491,747
$84,758
-83%
Fundraising
$59,073
$79,862
+35%
Total Expenses
$2,624,266
$2,831,296
+8%
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