SOUTH CAROLINA RESEARCH AUTHORITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2023
$16,234,461
Contributions
53%
Other
34%
Program Services
7%
Investments
6%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2023
$15,986,496
Salaries & Benefits
35%
Grants
23%
Offices, Occupancy & IT
18%
Depreciation
17%
Other
4%
Fees to Service Providers
2%
Advertising & Promotion
2%
Interest
<1%
Benefits to Members
0%
Revenues
2022
2023
Change
Contributions
$8,270,080
$8,610,137
+4%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$2,081,456
$1,177,472
-43%
Membership Dues
$0
$0
-
Investments
$666,182
$952,026
+43%
Other
$6,506,357
$5,494,826
-16%
Total Revenues
$17,524,075
$16,234,461
-7%
Expenses
2022
2023
Change
Grants
$3,097,096
$3,632,961
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,521,444
$5,614,121
+2%
Fees to Service Providers
$917,111
$351,401
-62%
Advertising & Promotion
$68,365
$252,228
+269%
Offices, Occupancy & IT
$3,792,773
$2,817,865
-26%
Interest
$0
$2,235
-
Depreciation
$1,744,343
$2,663,308
+53%
Other
$253,604
$652,377
+157%
Total Expenses
$15,394,736
$15,986,496
+4%
Net income
2022
2023
Change
Net income
+$2,129,339
+$247,965
-88%
Functional Expenses
Summary
2022
2023
Change
Program
$12,685,956
$13,172,852
+4%
Admin
$2,708,780
$2,813,644
+4%
Fundraising
$0
$0
-
Total Expenses
$15,394,736
$15,986,496
+4%
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