FAMILY LIFE ACADEMY CHARTER SCHOOLS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$45,474,664
Program Services
74%
Government Grants
22%
Investments
2%
Contributions
2%
Fundraising Events
<1%
Membership Dues
0%
Other
0%
Expenses in 2024
$42,538,714
Salaries & Benefits
60%
Offices, Occupancy & IT
21%
Other
10%
Fees to Service Providers
5%
Depreciation
3%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,776,540
$811,007
-83%
Government Grants
$9,450,241
$10,008,059
+6%
Fundraising Events
$2,225
$1,271
-43%
Program Services
$28,975,742
$33,816,983
+17%
Membership Dues
$0
$0
-
Investments
$576,883
$837,344
+45%
Other
$0
$0
-
Total Revenues
$43,781,631
$45,474,664
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,727,640
$25,507,850
+12%
Fees to Service Providers
$862,723
$2,044,625
+137%
Advertising & Promotion
$449,858
$431,920
-4%
Offices, Occupancy & IT
$7,789,613
$8,967,181
+15%
Interest
$0
$0
-
Depreciation
$1,121,307
$1,371,035
+22%
Other
$3,507,586
$4,216,103
+20%
Total Expenses
$36,458,727
$42,538,714
+17%
Net income
2023
2024
Change
Net income
+$7,322,904
+$2,935,950
-60%
Functional Expenses
Summary
2023
2024
Change
Program
$30,733,514
$36,514,426
+19%
Admin
$5,550,987
$5,826,678
+5%
Fundraising
$174,226
$197,610
+13%
Total Expenses
$36,458,727
$42,538,714
+17%
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