THE SHARON ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,113,184
Program Services
93%
Contributions
6%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$3,389,040
Salaries & Benefits
71%
Other
16%
Offices, Occupancy & IT
3%
Fees to Service Providers
3%
Depreciation
3%
Grants
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$190,102
-
Government Grants
$316,212
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$3,037,018
$2,883,263
-5%
Membership Dues
$0
$0
-
Investments
$35,073
$39,819
+14%
Other
-$1,389
$0
-100%
Total Revenues
$3,386,914
$3,113,184
-8%
Expenses
2023
2024
Change
Grants
$86,333
$84,175
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,221,974
$2,409,101
+8%
Fees to Service Providers
$86,886
$107,319
+24%
Advertising & Promotion
$944
$189
-80%
Offices, Occupancy & IT
$118,128
$118,341
+0%
Interest
$19,124
$34,612
+81%
Depreciation
$101,037
$101,733
+1%
Other
$463,409
$533,570
+15%
Total Expenses
$3,097,835
$3,389,040
+9%
Net income
2023
2024
Change
Net income
+$289,079
-$275,856
-195%
Functional Expenses
Summary
2023
2024
Change
Program
$2,521,994
$2,720,028
+8%
Admin
$513,625
$604,181
+18%
Fundraising
$62,216
$64,831
+4%
Total Expenses
$3,097,835
$3,389,040
+9%
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