TEAM ACADEMY CHARTER SCHOOL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$177,408,917
Government Grants
96%
Contributions
3%
Investments
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$164,995,637
Salaries & Benefits
53%
Other
24%
Fees to Service Providers
12%
Depreciation
5%
Interest
4%
Offices, Occupancy & IT
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$4,278,158
$5,159,804
+21%
Government Grants
$152,453,935
$170,644,178
+12%
Fundraising Events
$0
$0
-
Program Services
$199,157
$111,222
-44%
Membership Dues
$0
$0
-
Investments
$0
$1,493,713
-
Other
$0
$0
-
Total Revenues
$156,931,250
$177,408,917
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$76,848,701
$88,037,265
+15%
Fees to Service Providers
$19,442,395
$19,143,824
-2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,427,289
$3,044,365
-11%
Interest
$5,674,353
$6,053,268
+7%
Depreciation
$8,959,445
$8,931,487
0%
Other
$35,945,369
$39,785,428
+11%
Total Expenses
$150,297,552
$164,995,637
+10%
Net income
2023
2024
Change
Net income
+$6,633,698
+$12,413,280
+87%
Functional Expenses
Summary
2023
2024
Change
Program
$113,844,082
$129,293,034
+14%
Admin
$35,652,022
$34,776,571
-2%
Fundraising
$801,448
$926,032
+16%
Total Expenses
$150,297,552
$164,995,637
+10%
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