SMART READING
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,247,120
Contributions
90%
Fundraising Events
7%
Government Grants
2%
Investments
<1%
Other
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,172,760
Salaries & Benefits
71%
Offices, Occupancy & IT
14%
Other
10%
Fees to Service Providers
5%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,783,852
$3,819,353
+1%
Government Grants
$354,709
$95,948
-73%
Fundraising Events
$185,154
$287,108
+55%
Program Services
$10,000
$0
-100%
Membership Dues
$0
$0
-
Investments
$42,610
$36,695
-14%
Other
$4,768
$8,016
+68%
Total Revenues
$4,381,093
$4,247,120
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,236,805
$2,942,575
-9%
Fees to Service Providers
$296,992
$201,205
-32%
Advertising & Promotion
$39,634
$23,370
-41%
Offices, Occupancy & IT
$575,054
$570,729
-1%
Interest
$0
$0
-
Depreciation
$30,399
$24,085
-21%
Other
$550,915
$410,796
-25%
Total Expenses
$4,729,799
$4,172,760
-12%
Net income
2023
2024
Change
Net income
-$348,706
+$74,360
-121%
Functional Expenses
Summary
2023
2024
Change
Program
$3,260,365
$2,881,163
-12%
Admin
$682,045
$612,030
-10%
Fundraising
$787,389
$679,567
-14%
Total Expenses
$4,729,799
$4,172,760
-12%
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