MILTON ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$94,499,564
Program Services
76%
Contributions
13%
Investments
6%
Other
5%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$103,194,184
Salaries & Benefits
44%
Grants
19%
Other
13%
Depreciation
7%
Fees to Service Providers
7%
Offices, Occupancy & IT
7%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$14,957,306
$12,319,323
-18%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$65,083,373
$71,971,621
+11%
Membership Dues
$0
$0
-
Investments
$4,080,386
$5,534,199
+36%
Other
$2,077,677
$4,674,421
+125%
Total Revenues
$86,198,742
$94,499,564
+10%
Expenses
2023
2024
Change
Grants
$17,332,742
$19,305,517
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$43,135,078
$45,847,143
+6%
Fees to Service Providers
$6,975,161
$7,607,674
+9%
Advertising & Promotion
$236,280
$360,064
+52%
Offices, Occupancy & IT
$6,504,959
$6,894,684
+6%
Interest
$1,511,087
$1,815,773
+20%
Depreciation
$7,165,912
$7,708,145
+8%
Other
$12,460,416
$13,655,184
+10%
Total Expenses
$95,321,635
$103,194,184
+8%
Net income
2023
2024
Change
Net income
-$9,122,893
-$8,694,620
+5%
Functional Expenses
Summary
2023
2024
Change
Program
$69,274,775
$74,111,814
+7%
Admin
$21,948,651
$24,987,527
+14%
Fundraising
$4,098,209
$4,094,843
0%
Total Expenses
$95,321,635
$103,194,184
+8%
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