THE EARLY EXCELLENCE PROJECT
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$972,978
Contributions
58%
Government Grants
30%
Program Services
12%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$1,032,383
Salaries & Benefits
56%
Other
18%
Offices, Occupancy & IT
13%
Fees to Service Providers
11%
Advertising & Promotion
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,453,445
$560,274
-61%
Government Grants
$600,000
$294,910
-51%
Fundraising Events
$0
$0
-
Program Services
$109,200
$117,794
+8%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$2,162,645
$972,978
-55%
Expenses
2023
2024
Change
Grants
$639,516
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$267,723
$580,837
+117%
Fees to Service Providers
$18,668
$116,655
+525%
Advertising & Promotion
$5,293
$8,372
+58%
Offices, Occupancy & IT
$111,966
$136,786
+22%
Interest
$0
$0
-
Depreciation
$3,073
$234
-92%
Other
$155,743
$189,499
+22%
Total Expenses
$1,201,982
$1,032,383
-14%
Net income
2023
2024
Change
Net income
+$960,663
-$59,405
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$1,036,113
$699,485
-32%
Admin
$164,669
$177,952
+8%
Fundraising
$1,200
$154,946
+12812%
Total Expenses
$1,201,982
$1,032,383
-14%
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