TRUSTEES OF WESTMINSTER SCHOOL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$45,510,073
Program Services
65%
Contributions
19%
Investments
10%
Other
6%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$42,821,966
Salaries & Benefits
41%
Other
16%
Grants
16%
Depreciation
14%
Offices, Occupancy & IT
7%
Interest
4%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,938,530
$8,657,795
+46%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$28,821,213
$29,457,012
+2%
Membership Dues
$0
$0
-
Investments
$6,004,657
$4,515,088
-25%
Other
$229,271
$2,880,178
+1156%
Total Revenues
$40,993,671
$45,510,073
+11%
Expenses
2023
2024
Change
Grants
$6,279,969
$6,646,292
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,084,936
$17,675,774
+10%
Fees to Service Providers
$706,652
$815,556
+15%
Advertising & Promotion
$101,367
$103,826
+2%
Offices, Occupancy & IT
$2,924,116
$3,106,224
+6%
Interest
$1,572,465
$1,527,145
-3%
Depreciation
$5,741,916
$5,938,403
+3%
Other
$7,133,286
$7,008,746
-2%
Total Expenses
$40,544,707
$42,821,966
+6%
Net income
2023
2024
Change
Net income
+$448,964
+$2,688,107
+499%
Functional Expenses
Summary
2023
2024
Change
Program
$34,740,856
$36,166,075
+4%
Admin
$3,020,585
$3,480,299
+15%
Fundraising
$2,783,266
$3,175,592
+14%
Total Expenses
$40,544,707
$42,821,966
+6%
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