GRACE CHURCH SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$57,673,315
Program Services
89%
Contributions
6%
Investments
2%
Fundraising Events
2%
Other
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$61,387,744
Salaries & Benefits
52%
Offices, Occupancy & IT
17%
Grants
16%
Other
7%
Depreciation
4%
Interest
2%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,440,881
$3,510,587
+2%
Government Grants
$0
$0
-
Fundraising Events
$1,484,632
$1,092,974
-26%
Program Services
$49,369,897
$51,401,009
+4%
Membership Dues
$0
$0
-
Investments
$1,054,903
$1,326,196
+26%
Other
$17,324
$342,549
+1877%
Total Revenues
$55,367,637
$57,673,315
+4%
Expenses
2023
2024
Change
Grants
$9,502,993
$9,692,309
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$30,552,633
$32,035,726
+5%
Fees to Service Providers
$1,232,504
$1,202,824
-2%
Advertising & Promotion
$2,205
$2,000
-9%
Offices, Occupancy & IT
$9,597,656
$10,576,288
+10%
Interest
$1,354,163
$1,359,450
+0%
Depreciation
$2,441,499
$2,356,388
-3%
Other
$4,555,520
$4,162,759
-9%
Total Expenses
$59,239,173
$61,387,744
+4%
Net income
2023
2024
Change
Net income
-$3,871,536
-$3,714,429
+4%
Functional Expenses
Summary
2023
2024
Change
Program
$53,291,421
$55,657,886
+4%
Admin
$4,719,124
$4,402,785
-7%
Fundraising
$1,228,628
$1,327,073
+8%
Total Expenses
$59,239,173
$61,387,744
+4%
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