THE ACADEMY OF AMERICAN POETS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,337,912
Contributions
84%
Membership Dues
5%
Investments
4%
Government Grants
2%
Program Services
2%
Fundraising Events
2%
Other
<1%
Expenses in 2024
$4,936,856
Grants
45%
Salaries & Benefits
29%
Fees to Service Providers
8%
Offices, Occupancy & IT
8%
Other
6%
Advertising & Promotion
2%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,498,280
$7,030,768
+369%
Government Grants
$143,680
$201,960
+41%
Fundraising Events
$136,726
$155,981
+14%
Program Services
$210,842
$180,174
-15%
Membership Dues
$581,776
$395,588
-32%
Investments
$249,035
$336,373
+35%
Other
-$404,325
$37,068
-109%
Total Revenues
$2,416,014
$8,337,912
+245%
Expenses
2023
2024
Change
Grants
$2,547,500
$2,243,600
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,363,171
$1,452,612
+7%
Fees to Service Providers
$453,761
$411,433
-9%
Advertising & Promotion
$142,795
$121,166
-15%
Offices, Occupancy & IT
$496,739
$410,322
-17%
Interest
$0
$0
-
Depreciation
$28,407
$24,532
-14%
Other
$308,694
$273,191
-12%
Total Expenses
$5,341,067
$4,936,856
-8%
Net income
2023
2024
Change
Net income
-$2,925,053
+$3,401,056
-216%
Functional Expenses
Summary
2023
2024
Change
Program
$4,557,300
$4,273,648
-6%
Admin
$449,144
$295,915
-34%
Fundraising
$334,623
$367,293
+10%
Total Expenses
$5,341,067
$4,936,856
-8%
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