THE AVALON ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,552,073
Program Services
88%
Contributions
11%
Investments
1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,709,253
Salaries & Benefits
89%
Offices, Occupancy & IT
6%
Other
3%
Fees to Service Providers
2%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$2,977,193
$510,395
-83%
Government Grants
$806,067
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$3,311,159
$3,993,363
+21%
Membership Dues
$0
$0
-
Investments
$16,704
$46,974
+181%
Other
$10,774
$1,341
-88%
Total Revenues
$7,121,897
$4,552,073
-36%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,741,383
$3,284,752
+20%
Fees to Service Providers
$69,335
$88,249
+27%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$192,427
$210,103
+9%
Interest
$470
$42
-91%
Depreciation
$13,836
$10,773
-22%
Other
$98,868
$115,334
+17%
Total Expenses
$3,116,319
$3,709,253
+19%
Net income
2023
2024
Change
Net income
+$4,005,578
+$842,820
-79%
Functional Expenses
Summary
2023
2024
Change
Program
$2,861,707
$3,447,062
+20%
Admin
$254,040
$232,406
-9%
Fundraising
$572
$29,785
+5107%
Total Expenses
$3,116,319
$3,709,253
+19%
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