EDUCARE FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$15,243,504
Government Grants
96%
Contributions
4%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$15,146,209
Salaries & Benefits
76%
Other
15%
Fees to Service Providers
7%
Offices, Occupancy & IT
2%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,028,793
$623,901
-39%
Government Grants
$10,569,123
$14,619,603
+38%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$11,597,916
$15,243,504
+31%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,101,177
$11,460,569
+26%
Fees to Service Providers
$1,361,410
$1,109,070
-19%
Advertising & Promotion
$0
$1,329
-
Offices, Occupancy & IT
$234,726
$262,967
+12%
Interest
$0
$0
-
Depreciation
$2,560
$2,560
+0%
Other
$1,234,988
$2,309,714
+87%
Total Expenses
$11,934,861
$15,146,209
+27%
Net income
2023
2024
Change
Net income
-$336,945
+$97,295
-129%
Functional Expenses
Summary
2023
2024
Change
Program
$10,325,724
$13,159,938
+27%
Admin
$1,352,296
$1,706,965
+26%
Fundraising
$256,841
$279,306
+9%
Total Expenses
$11,934,861
$15,146,209
+27%
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