LINCOLN ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$12,671,251
Program Services
93%
Contributions
4%
Other
2%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$13,986,256
Salaries & Benefits
59%
Other
14%
Depreciation
8%
Grants
8%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$527,105
$473,920
-10%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$10,294,311
$11,771,393
+14%
Membership Dues
$0
$0
-
Investments
$151,823
$160,548
+6%
Other
$258,430
$265,390
+3%
Total Revenues
$11,231,669
$12,671,251
+13%
Expenses
2024
2025
Change
Grants
$948,590
$1,053,890
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,843,928
$8,222,436
+5%
Fees to Service Providers
$236,950
$405,763
+71%
Advertising & Promotion
$117,966
$72,292
-39%
Offices, Occupancy & IT
$734,289
$798,026
+9%
Interest
$278,904
$290,789
+4%
Depreciation
$1,107,335
$1,133,804
+2%
Other
$1,563,589
$2,009,256
+29%
Total Expenses
$12,831,551
$13,986,256
+9%
Net income
2024
2025
Change
Net income
-$1,599,882
-$1,315,005
+18%
Functional Expenses
Summary
2024
2025
Change
Program
$8,245,307
$8,959,230
+9%
Admin
$4,313,149
$4,825,729
+12%
Fundraising
$273,095
$201,297
-26%
Total Expenses
$12,831,551
$13,986,256
+9%
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