Scholar Fund
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$45,276,999
Program Services
99%
Contributions
1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2023
$45,725,910
Grants
86%
Salaries & Benefits
8%
Fees to Service Providers
4%
Other
2%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2022
2023
Change
Contributions
$212,231
$547,719
+158%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$6,148,651
$44,724,568
+627%
Membership Dues
$0
$0
-
Investments
$168
$4,712
+2705%
Other
$0
$0
-
Total Revenues
$6,361,050
$45,276,999
+612%
Expenses
2022
2023
Change
Grants
$2,653,155
$39,151,442
+1376%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,340,253
$3,768,148
+61%
Fees to Service Providers
$829,661
$1,683,525
+103%
Advertising & Promotion
$0
$3,583
-
Offices, Occupancy & IT
$45,039
$45,372
+1%
Interest
$0
$0
-
Depreciation
$35,537
$0
-100%
Other
$203,174
$1,073,840
+429%
Total Expenses
$6,106,819
$45,725,910
+649%
Net income
2022
2023
Change
Net income
+$254,231
-$448,911
-277%
Functional Expenses
Summary
2022
2023
Change
Program
$5,335,962
$43,048,483
+707%
Admin
$770,857
$2,673,844
+247%
Fundraising
$0
$3,583
-
Total Expenses
$6,106,819
$45,725,910
+649%
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