VERMONT ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$18,782,655
Program Services
77%
Contributions
22%
Investments
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$18,864,241
Grants
40%
Salaries & Benefits
34%
Other
17%
Offices, Occupancy & IT
6%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,249,656
$4,225,656
+88%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$12,872,668
$14,387,428
+12%
Membership Dues
$0
$0
-
Investments
$64,041
$150,613
+135%
Other
-$80,080
$18,958
-124%
Total Revenues
$15,106,285
$18,782,655
+24%
Expenses
2023
2024
Change
Grants
$6,463,811
$7,544,273
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,247,627
$6,504,337
+4%
Fees to Service Providers
$341,451
$355,481
+4%
Advertising & Promotion
$140,670
$146,450
+4%
Offices, Occupancy & IT
$1,065,043
$1,108,806
+4%
Interest
$20,688
$21,538
+4%
Depreciation
$0
$0
-
Other
$1,820,184
$3,183,356
+75%
Total Expenses
$16,099,474
$18,864,241
+17%
Net income
2023
2024
Change
Net income
-$993,189
-$81,586
+92%
Functional Expenses
Summary
2023
2024
Change
Program
$13,445,230
$16,439,898
+22%
Admin
$1,966,994
$1,699,427
-14%
Fundraising
$687,250
$724,916
+5%
Total Expenses
$16,099,474
$18,864,241
+17%
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