PROMISE ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$5,159,361
Government Grants
68%
Contributions
25%
Program Services
7%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2025
$5,386,522
Salaries & Benefits
58%
Fees to Service Providers
21%
Other
14%
Depreciation
4%
Offices, Occupancy & IT
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$1,024,565
$1,268,803
+24%
Government Grants
$3,984,798
$3,524,555
-12%
Fundraising Events
$0
$0
-
Program Services
$255,672
$366,003
+43%
Membership Dues
$0
$0
-
Investments
$25,481
$0
-100%
Other
$0
$0
-
Total Revenues
$5,290,516
$5,159,361
-2%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,062,272
$3,127,341
+2%
Fees to Service Providers
$1,278,684
$1,140,520
-11%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$143,133
$131,557
-8%
Interest
$51,822
$33,791
-35%
Depreciation
$252,703
$199,614
-21%
Other
$780,014
$753,699
-3%
Total Expenses
$5,568,628
$5,386,522
-3%
Net income
2024
2025
Change
Net income
-$278,112
-$227,161
+18%
Functional Expenses
Summary
2024
2025
Change
Program
$4,139,186
$3,958,665
-4%
Admin
$1,429,442
$1,427,857
0%
Fundraising
$0
$0
-
Total Expenses
$5,568,628
$5,386,522
-3%
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