SAGE Financials

As an organization SAGE strives to manage our financials so that as much of the money we raise as possible goes directly to the scholars we support. The snapshot below provides some measure of how we accomplished that goal recently. Our annual reports back to 2010 are also provided below for a more in depth accounting of our financial state.

2022 Financials at a glance

The 2023 fiscal year saw SAGE maintain positive cash flow due to a continued steep drop in expenses. Displayed below are two key charts pulled from SAGE's 2023 Annual Report. 

The first chart shows SAGE's expenses and revenues from 2011-2022. While 2023 was SAGE’s lowest revenue year in the past five years, SAGE’s expenses also declined significantly, driving the return to positive net cash flow.

The second chart shows a breakdown of SAGE’s expenses for 2023. Consistent with its history, SAGE continues to maintain low overhead costs. 90% of expenses went directly to scholars’ tuition, housing, or other educational costs. Less than 1% covered banking fees. The light blue section represents our $500 donation for the Mahdia fire victims, which represents almost 10% of all 2023 expenses. 2023 the vast majority of SAGE's expenditures went directly to support scholars at the University of Guyana. Consistent with its history, SAGE maintains low overhead costs, with approximately 99% of expenses going directly to scholars’ tuition, housing, or other educational costs.

Historical Expenses and Revenues

Expenses

Annual Reports

For more information about SAGE's financials, please review our Annual Reports: