LAKE TECHNICAL COLLEGE INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$22,121,907
Program Services
85%
Government Grants
12%
Investments
2%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$23,869,810
Other
53%
Salaries & Benefits
30%
Grants
12%
Depreciation
3%
Fees to Service Providers
1%
Offices, Occupancy & IT
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$2,830,175
$2,739,459
-3%
Fundraising Events
$0
$0
-
Program Services
$11,657,481
$18,889,399
+62%
Membership Dues
$0
$0
-
Investments
$19,627
$398,982
+1933%
Other
$284,590
$94,067
-67%
Total Revenues
$14,791,873
$22,121,907
+50%
Expenses
2023
2024
Change
Grants
$2,045,690
$2,864,171
+40%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,024,261
$7,092,591
-12%
Fees to Service Providers
$85,330
$307,897
+261%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$851,559
$177,791
-79%
Interest
$2,333
$1,784
-24%
Depreciation
$609,033
$671,749
+10%
Other
$3,040,429
$12,753,827
+319%
Total Expenses
$14,658,635
$23,869,810
+63%
Net income
2023
2024
Change
Net income
+$133,238
-$1,747,903
-1412%
Functional Expenses
Summary
2023
2024
Change
Program
$13,871,307
$21,645,729
+56%
Admin
$787,328
$2,224,081
+182%
Fundraising
$0
$0
-
Total Expenses
$14,658,635
$23,869,810
+63%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)