SPENCER EDUCATIONAL FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,555,059
Contributions
54%
Fundraising Events
33%
Investments
9%
Other
5%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,083,558
Grants
61%
Salaries & Benefits
30%
Other
5%
Fees to Service Providers
3%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$658,953
$1,914,822
+191%
Government Grants
$0
$0
-
Fundraising Events
$1,518,466
$1,161,953
-23%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$231,803
$302,699
+31%
Other
$75,065
$175,585
+134%
Total Revenues
$2,484,287
$3,555,059
+43%
Expenses
2023
2024
Change
Grants
$1,597,471
$1,867,354
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$898,557
$923,997
+3%
Fees to Service Providers
$24,381
$89,299
+266%
Advertising & Promotion
$6,408
$1,500
-77%
Offices, Occupancy & IT
$60,217
$41,648
-31%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$146,143
$159,760
+9%
Total Expenses
$2,733,177
$3,083,558
+13%
Net income
2023
2024
Change
Net income
-$248,890
+$471,501
-289%
Functional Expenses
Summary
2023
2024
Change
Program
$2,345,403
$2,792,314
+19%
Admin
$161,796
$164,110
+1%
Fundraising
$225,978
$127,134
-44%
Total Expenses
$2,733,177
$3,083,558
+13%
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