REED NEXT INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,772,873
Program Services
82%
Government Grants
17%
Investments
<1%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,520,110
Salaries & Benefits
66%
Grants
17%
Other
6%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Depreciation
1%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$997,100
$996,700
0%
Fundraising Events
$0
$0
-
Program Services
$3,994,345
$4,725,199
+18%
Membership Dues
$0
$0
-
Investments
$1,069
$38,034
+3458%
Other
$67,415
$12,940
-81%
Total Revenues
$5,059,929
$5,772,873
+14%
Expenses
2023
2024
Change
Grants
$859,100
$930,100
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,003,363
$3,625,396
+21%
Fees to Service Providers
$173,716
$149,983
-14%
Advertising & Promotion
$3,173
$1,477
-53%
Offices, Occupancy & IT
$291,321
$336,533
+16%
Interest
$31,109
$57,160
+84%
Depreciation
$66,669
$82,248
+23%
Other
$409,366
$337,213
-18%
Total Expenses
$4,837,817
$5,520,110
+14%
Net income
2023
2024
Change
Net income
+$222,112
+$252,763
+14%
Functional Expenses
Summary
2023
2024
Change
Program
$3,448,515
$4,410,837
+28%
Admin
$1,389,302
$1,109,273
-20%
Fundraising
$0
$0
-
Total Expenses
$4,837,817
$5,520,110
+14%
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