THE HOTCHKISS SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$112,915,926
Contributions
37%
Program Services
37%
Other
23%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$95,553,594
Salaries & Benefits
41%
Other
18%
Grants
14%
Offices, Occupancy & IT
11%
Depreciation
8%
Fees to Service Providers
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$24,183,183
$42,146,608
+74%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$39,860,892
$42,032,828
+5%
Membership Dues
$0
$0
-
Investments
$1,104,719
$2,583,589
+134%
Other
$23,658,466
$26,152,901
+11%
Total Revenues
$88,807,260
$112,915,926
+27%
Expenses
2023
2024
Change
Grants
$12,281,251
$13,428,970
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,996,250
$39,244,366
+6%
Fees to Service Providers
$6,503,534
$5,897,170
-9%
Advertising & Promotion
$0
$148,172
-
Offices, Occupancy & IT
$9,894,205
$10,202,439
+3%
Interest
$1,380,000
$1,605,364
+16%
Depreciation
$7,278,371
$7,681,099
+6%
Other
$9,384,025
$17,346,014
+85%
Total Expenses
$83,717,636
$95,553,594
+14%
Net income
2023
2024
Change
Net income
+$5,089,624
+$17,362,332
+241%
Functional Expenses
Summary
2023
2024
Change
Program
$62,834,989
$67,130,770
+7%
Admin
$16,012,391
$23,014,118
+44%
Fundraising
$4,870,256
$5,408,706
+11%
Total Expenses
$83,717,636
$95,553,594
+14%
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