PRESCHOOL PROMISE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,138,862
Government Grants
88%
Contributions
9%
Program Services
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$11,558,675
Grants
49%
Salaries & Benefits
27%
Other
17%
Offices, Occupancy & IT
3%
Advertising & Promotion
2%
Depreciation
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,889,386
$1,148,567
-39%
Government Grants
$10,360,734
$10,722,473
+3%
Fundraising Events
$0
$0
-
Program Services
$122,415
$239,348
+96%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$6,582
$28,474
+333%
Total Revenues
$12,379,117
$12,138,862
-2%
Expenses
2023
2024
Change
Grants
$6,629,513
$5,703,159
-14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,557,495
$3,170,006
+24%
Fees to Service Providers
$38,542
$43,066
+12%
Advertising & Promotion
$275,493
$189,195
-31%
Offices, Occupancy & IT
$242,094
$366,744
+51%
Interest
$0
$0
-
Depreciation
$65,161
$68,182
+5%
Other
$2,729,233
$2,018,323
-26%
Total Expenses
$12,537,531
$11,558,675
-8%
Net income
2023
2024
Change
Net income
-$158,414
+$580,187
-466%
Functional Expenses
Summary
2023
2024
Change
Program
$11,724,465
$10,503,421
-10%
Admin
$813,066
$1,055,254
+30%
Fundraising
$0
$0
-
Total Expenses
$12,537,531
$11,558,675
-8%
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