YINGHUA ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$11,363,731
Government Grants
90%
Program Services
8%
Contributions
<1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$11,121,817
Salaries & Benefits
61%
Fees to Service Providers
18%
Offices, Occupancy & IT
15%
Other
4%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$168,260
$91,743
-45%
Government Grants
$9,131,973
$10,271,862
+12%
Fundraising Events
$0
$0
-
Program Services
$1,372,172
$957,610
-30%
Membership Dues
$0
$0
-
Investments
$27,164
$39,078
+44%
Other
$450
$3,438
+664%
Total Revenues
$10,700,019
$11,363,731
+6%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,101,636
$6,823,182
+12%
Fees to Service Providers
$1,488,513
$2,003,796
+35%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,723,704
$1,723,112
0%
Interest
$0
$36,651
-
Depreciation
$100,749
$104,717
+4%
Other
$902,802
$430,359
-52%
Total Expenses
$10,317,404
$11,121,817
+8%
Net income
2023
2024
Change
Net income
+$382,615
+$241,914
-37%
Functional Expenses
Summary
2023
2024
Change
Program
$9,416,142
$10,151,449
+8%
Admin
$901,262
$970,368
+8%
Fundraising
$0
$0
-
Total Expenses
$10,317,404
$11,121,817
+8%
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