MASTER'S ACADEMY OF VERO BEACH INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2023
$3,261,271
Program Services
74%
Other
23%
Contributions
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2023
$2,558,525
Salaries & Benefits
68%
Other
23%
Offices, Occupancy & IT
7%
Depreciation
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2022
2023
Change
Contributions
$55,692
$88,488
+59%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$2,235,412
$2,420,002
+8%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$449,679
$752,781
+67%
Total Revenues
$2,740,783
$3,261,271
+19%
Expenses
2022
2023
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,442,590
$1,739,168
+21%
Fees to Service Providers
$9,007
$13,417
+49%
Advertising & Promotion
$13,095
$8,958
-32%
Offices, Occupancy & IT
$125,374
$176,630
+41%
Interest
$3,270
$2,527
-23%
Depreciation
$25,886
$21,880
-15%
Other
$672,278
$595,945
-11%
Total Expenses
$2,291,500
$2,558,525
+12%
Net income
2022
2023
Change
Net income
+$449,283
+$702,746
+56%
Functional Expenses
Summary
2022
2023
Change
Program
$2,220,121
$2,475,939
+12%
Admin
$38,445
$29,708
-23%
Fundraising
$32,934
$52,878
+61%
Total Expenses
$2,291,500
$2,558,525
+12%
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