MIDDLESEX SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$48,448,306
Program Services
59%
Other
24%
Contributions
11%
Investments
6%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$50,025,587
Salaries & Benefits
40%
Grants
15%
Other
13%
Depreciation
12%
Offices, Occupancy & IT
10%
Fees to Service Providers
9%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,150,940
$5,454,827
-11%
Government Grants
$0
$0
-
Fundraising Events
$132,195
$8,025
-94%
Program Services
$26,556,442
$28,396,115
+7%
Membership Dues
$0
$0
-
Investments
$2,339,225
$3,026,684
+29%
Other
$7,181,700
$11,562,655
+61%
Total Revenues
$42,360,502
$48,448,306
+14%
Expenses
2023
2024
Change
Grants
$7,584,177
$7,541,349
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,624,673
$20,227,449
+3%
Fees to Service Providers
$4,044,536
$4,407,374
+9%
Advertising & Promotion
$10,374
$84,753
+717%
Offices, Occupancy & IT
$4,238,777
$5,197,898
+23%
Interest
$488,399
$493,100
+1%
Depreciation
$5,749,251
$5,797,957
+1%
Other
$5,288,377
$6,275,707
+19%
Total Expenses
$47,028,564
$50,025,587
+6%
Net income
2023
2024
Change
Net income
-$4,668,062
-$1,577,281
+66%
Functional Expenses
Summary
2023
2024
Change
Program
$35,068,477
$36,581,344
+4%
Admin
$9,486,143
$10,786,788
+14%
Fundraising
$2,473,944
$2,657,455
+7%
Total Expenses
$47,028,564
$50,025,587
+6%
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