THE WHEELER SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$50,804,284
Program Services
79%
Other
7%
Investments
7%
Contributions
6%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$46,197,897
Salaries & Benefits
65%
Grants
12%
Other
7%
Depreciation
6%
Fees to Service Providers
4%
Offices, Occupancy & IT
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$4,947,620
$3,108,404
-37%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$37,687,026
$40,325,615
+7%
Membership Dues
$0
$0
-
Investments
$2,300,488
$3,627,533
+58%
Other
$4,666,338
$3,742,732
-20%
Total Revenues
$49,601,472
$50,804,284
+2%
Expenses
2024
2025
Change
Grants
$5,354,675
$5,622,200
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,439,419
$30,160,914
+6%
Fees to Service Providers
$2,087,042
$2,078,550
0%
Advertising & Promotion
$9,915
$30,693
+210%
Offices, Occupancy & IT
$1,721,289
$1,857,379
+8%
Interest
$592,293
$359,889
-39%
Depreciation
$2,900,930
$2,677,584
-8%
Other
$4,050,281
$3,410,688
-16%
Total Expenses
$45,155,844
$46,197,897
+2%
Net income
2024
2025
Change
Net income
+$4,445,628
+$4,606,387
+4%
Functional Expenses
Summary
2024
2025
Change
Program
$33,506,606
$35,049,828
+5%
Admin
$10,287,095
$9,865,141
-4%
Fundraising
$1,362,143
$1,282,928
-6%
Total Expenses
$45,155,844
$46,197,897
+2%
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