Financials
To sustain the exponential and purposful growth happening at the program level and meet community need, we had to scale our financial model. The organization shifted toward more sustainable and diverse funding and revenue streams to achieve financial solvency. Between FY 2020-2021 and FY2024-2025, Booker T.’s total revenue increased from $1.47M to $8.74M, a ~493% increase, growing public grants from $813K to $4.66M, a 5.7x growth.
Booker T. has seen financial transformation in these five ways.
FY 2020-21
FY 2021-22
FY 2022-23
FY 2023-24
FY 2024-25
Revenue
N/A
N/A
N/A
N/A
N/A
Public Grants
$812,982
$1,739,585
$3,268,572
$4,904,805
$4,656,558
Private Contributions
$123,950
$2,644,355
$691,011
$1,489,495
$3,453,722
Rental Income
$123,918
$162,077
$224,236
$232,095
$190,525
Other Income
$8,429
$99,037
$43,806
$94,030
$55,565
Fundraising Income
$404,436
—
—
—
$384,557
Total Revenue
$1,473,715
$4,645,054
$4,227,625
$6,720,425
$8,740,927
Expenses
N/A
N/A
N/A
N/A
N/A
Program Expenses
$1,269,787
$2,288,161
$3,594,263
$5,186,310
$5,671,025
G&A Expenses
$316,364
$592,227
$47,675
$1,325,261
$2,102,781
Fundraising Expenses
$54,348
$36,828
$1,084,064
$90,608
$157,826
Total Expenses
$1,640,499
$2,917,216
$4,726,002
$6,602,179
$7,931,632
Net Surplus / Deficit
($166,784)
$1,727,838
($498,377)
$118,246
$809,295
Summary on Organizational Growth, Sustainability & Financial Strength
1. Revenue Growth & Diversification
Total revenue increased from $1.47M (FY 2020-21) to $8.74M (FY 2024-25) - a 5.9x growth (~493% increase).
This reflects an approximate 56% compound annual growth rate (CAGR) over four years.
Public Grants grew from $813K to $4.66M (5.7x growth).
Private Contributions expanded significantly from $124K to $3.46M (nearly 28x growth).
Revenue streams have diversified across public funding, foundations, rental income, fundraising, and other earned income sources - strengthening financial resilience.
2. Financial Stability & Surplus Position
FY 2024-25 reflects a net surplus of approximately $809K, reinforcing our ability to build reserves and sustain programming.
Revenue growth has outpaced expense growth (56% CAGR vs. ~48% expense CAGR), demonstrating improved financial discipline.
Expense Growth:$1.64M → $7.93M (4.8x increase) Growth aligned with program expansion.
3. Program Investment & Mission Alignment
Program expenses increased from $1.27M to $5.67M, directly reflecting expanded community impact.
In the last 4 years, approximately 75% of total expenses were program-related, indicating strong mission focus and responsible allocation of funds.
4. Operational Strength & Compliance
Improved financial reporting, grant tracking, and fund segregation strengthened audit readiness and transparency.
Enhanced grant management processes supported timely utilization of restricted funds within contract timelines.
Growth in G&A $316K → $2.10M reflects intentional investment in systems, staffing, and governance to support long-term sustainability.
5. Key Sustainability Indicators
Multi-year funding growth across both government and private sectors
5.9x total revenue growth
Revenue outpacing expense growth
Positive operating surplus
Strong program-to-expense ratio
Structured financial oversight and compliance mechanisms
Between 2021 and 2024, the average annual employee retention rate was 76% with an average headcount growth of 26%
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