THE CARROLL SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$34,381,225
Program Services
88%
Contributions
8%
Investments
4%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$32,478,188
Salaries & Benefits
66%
Grants
13%
Other
10%
Offices, Occupancy & IT
7%
Depreciation
4%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,334,623
$2,749,538
-57%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$28,332,167
$30,212,675
+7%
Membership Dues
$0
$0
-
Investments
$931,972
$1,226,622
+32%
Other
$111,718
$192,390
+72%
Total Revenues
$35,710,480
$34,381,225
-4%
Expenses
2023
2024
Change
Grants
$3,545,135
$4,259,588
+20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,775,954
$21,422,796
+8%
Fees to Service Providers
$143,965
$146,713
+2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,978,827
$2,160,380
+9%
Interest
$0
$0
-
Depreciation
$1,193,987
$1,240,915
+4%
Other
$2,764,564
$3,247,796
+17%
Total Expenses
$29,402,432
$32,478,188
+10%
Net income
2023
2024
Change
Net income
+$6,308,048
+$1,903,037
-70%
Functional Expenses
Summary
2023
2024
Change
Program
$24,897,790
$27,587,844
+11%
Admin
$3,399,849
$3,638,048
+7%
Fundraising
$1,104,793
$1,252,296
+13%
Total Expenses
$29,402,432
$32,478,188
+10%
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