BERWICK ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$26,785,750
Program Services
90%
Contributions
4%
Investments
4%
Other
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2025
$27,985,157
Salaries & Benefits
48%
Grants
27%
Other
14%
Depreciation
5%
Offices, Occupancy & IT
4%
Fees to Service Providers
2%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$1,191,698
$1,149,274
-4%
Government Grants
$0
$0
-
Fundraising Events
$8,500
$11,875
+40%
Program Services
$23,984,565
$23,986,115
+0%
Membership Dues
$0
$0
-
Investments
$1,028,916
$1,107,346
+8%
Other
$270,113
$531,140
+97%
Total Revenues
$26,483,792
$26,785,750
+1%
Expenses
2024
2025
Change
Grants
$7,178,113
$7,500,922
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,220,110
$13,401,240
+1%
Fees to Service Providers
$355,118
$420,485
+18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$968,414
$1,098,782
+13%
Interest
$238,656
$230,318
-3%
Depreciation
$1,253,435
$1,282,590
+2%
Other
$3,896,519
$4,050,820
+4%
Total Expenses
$27,110,365
$27,985,157
+3%
Net income
2024
2025
Change
Net income
-$626,573
-$1,199,407
-91%
Functional Expenses
Summary
2024
2025
Change
Program
$23,030,673
$23,693,706
+3%
Admin
$3,296,789
$3,477,544
+5%
Fundraising
$782,903
$813,907
+4%
Total Expenses
$27,110,365
$27,985,157
+3%
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