READING CONNECTIONS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$933,502
Contributions
51%
Government Grants
44%
Fundraising Events
3%
Investments
2%
Other
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$1,157,790
Salaries & Benefits
80%
Other
9%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$567,444
$478,855
-16%
Government Grants
$382,864
$407,185
+6%
Fundraising Events
$15,540
$25,605
+65%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,970
$19,450
+887%
Other
-$1,037
$2,407
-332%
Total Revenues
$966,781
$933,502
-3%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$883,297
$923,446
+5%
Fees to Service Providers
$54,520
$36,181
-34%
Advertising & Promotion
$10,712
$5,886
-45%
Offices, Occupancy & IT
$75,795
$72,221
-5%
Interest
$0
$0
-
Depreciation
$5,662
$10,512
+86%
Other
$152,547
$109,544
-28%
Total Expenses
$1,182,533
$1,157,790
-2%
Net income
2024
2025
Change
Net income
-$215,752
-$224,288
-4%
Functional Expenses
Summary
2024
2025
Change
Program
$1,044,760
$986,488
-6%
Admin
$104,694
$107,161
+2%
Fundraising
$33,079
$64,141
+94%
Total Expenses
$1,182,533
$1,157,790
-2%
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