EMPOWER SCHOOLS OF ALABAMA
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,134,083
Government Grants
78%
Contributions
21%
Other
<1%
Program Services
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,233,676
Salaries & Benefits
61%
Other
20%
Fees to Service Providers
12%
Offices, Occupancy & IT
6%
Interest
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$812,436
$1,467,297
+81%
Government Grants
$2,469,826
$5,585,665
+126%
Fundraising Events
$0
$0
-
Program Services
$6,541
$36,396
+456%
Membership Dues
$0
$0
-
Investments
$0
$1,113
-
Other
$76,335
$43,612
-43%
Total Revenues
$3,365,138
$7,134,083
+112%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,500,119
$3,818,352
+53%
Fees to Service Providers
$462,222
$721,209
+56%
Advertising & Promotion
$34,659
$0
-100%
Offices, Occupancy & IT
$337,873
$386,019
+14%
Interest
$62,473
$63,718
+2%
Depreciation
$4,542
$28,689
+532%
Other
$735,894
$1,215,689
+65%
Total Expenses
$4,137,782
$6,233,676
+51%
Net income
2023
2024
Change
Net income
-$772,644
+$900,407
-217%
Functional Expenses
Summary
2023
2024
Change
Program
$3,641,247
$5,485,633
+51%
Admin
$496,535
$748,043
+51%
Fundraising
$0
$0
-
Total Expenses
$4,137,782
$6,233,676
+51%
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