MEMPHIS BUSINESS ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$25,554,680
Government Grants
97%
Program Services
1%
Investments
<1%
Other
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$24,975,729
Salaries & Benefits
70%
Other
10%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
5%
Interest
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$36,544
$118,738
+225%
Government Grants
$27,000,486
$24,815,297
-8%
Fundraising Events
$0
$0
-
Program Services
$412,167
$302,481
-27%
Membership Dues
$0
$0
-
Investments
$344,064
$196,991
-43%
Other
$151,371
$121,173
-20%
Total Revenues
$27,944,632
$25,554,680
-9%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,724,895
$17,566,642
-1%
Fees to Service Providers
$1,709,058
$1,371,379
-20%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,239,362
$1,376,107
+11%
Interest
$547,869
$751,154
+37%
Depreciation
$1,450,401
$1,332,806
-8%
Other
$3,165,626
$2,577,641
-19%
Total Expenses
$25,837,211
$24,975,729
-3%
Net income
2024
2025
Change
Net income
+$2,107,421
+$578,951
-73%
Functional Expenses
Summary
2024
2025
Change
Program
$15,865,667
$15,076,258
-5%
Admin
$9,971,544
$9,899,471
-1%
Fundraising
$0
$0
-
Total Expenses
$25,837,211
$24,975,729
-3%
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