TRUSTEES OF LAWRENCE ACADEMY AT GROTON MA CORP
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$37,753,408
Program Services
76%
Contributions
15%
Investments
7%
Other
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2025
$34,058,487
Salaries & Benefits
47%
Grants
17%
Offices, Occupancy & IT
14%
Other
13%
Depreciation
6%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$7,405,253
$5,691,858
-23%
Government Grants
$0
$0
-
Fundraising Events
$17,825
$59,411
+233%
Program Services
$27,588,647
$28,555,802
+4%
Membership Dues
$0
$0
-
Investments
$1,643,785
$2,654,000
+61%
Other
-$858,256
$792,337
-192%
Total Revenues
$35,797,254
$37,753,408
+5%
Expenses
2024
2025
Change
Grants
$5,884,146
$5,895,657
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,182,069
$15,954,576
+5%
Fees to Service Providers
$487,918
$567,345
+16%
Advertising & Promotion
$188,153
$251,761
+34%
Offices, Occupancy & IT
$4,403,246
$4,881,010
+11%
Interest
$180,673
$175,613
-3%
Depreciation
$2,011,385
$2,036,026
+1%
Other
$4,193,112
$4,296,499
+2%
Total Expenses
$32,530,702
$34,058,487
+5%
Net income
2024
2025
Change
Net income
+$3,266,552
+$3,694,921
+13%
Functional Expenses
Summary
2024
2025
Change
Program
$26,223,220
$27,657,005
+5%
Admin
$4,122,761
$4,032,760
-2%
Fundraising
$2,184,721
$2,368,722
+8%
Total Expenses
$32,530,702
$34,058,487
+5%
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