SUFFIELD ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$40,181,510
Program Services
67%
Contributions
23%
Investments
6%
Other
3%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$36,007,319
Salaries & Benefits
46%
Grants
15%
Depreciation
14%
Other
12%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,727,338
$9,137,973
+18%
Government Grants
$0
$0
-
Fundraising Events
$63,350
$69,565
+10%
Program Services
$26,288,616
$27,033,751
+3%
Membership Dues
$0
$0
-
Investments
$2,203,730
$2,594,782
+18%
Other
$1,366,554
$1,345,439
-2%
Total Revenues
$37,649,588
$40,181,510
+7%
Expenses
2023
2024
Change
Grants
$5,327,521
$5,238,083
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,552,614
$16,669,699
+15%
Fees to Service Providers
$1,723,994
$1,672,946
-3%
Advertising & Promotion
$254,800
$214,548
-16%
Offices, Occupancy & IT
$2,053,025
$2,230,400
+9%
Interest
$394,526
$382,162
-3%
Depreciation
$5,195,299
$5,119,175
-1%
Other
$4,209,381
$4,480,306
+6%
Total Expenses
$33,711,160
$36,007,319
+7%
Net income
2023
2024
Change
Net income
+$3,938,428
+$4,174,191
+6%
Functional Expenses
Summary
2023
2024
Change
Program
$28,289,214
$29,721,941
+5%
Admin
$4,003,596
$4,793,765
+20%
Fundraising
$1,418,350
$1,491,613
+5%
Total Expenses
$33,711,160
$36,007,319
+7%
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