GATEWAY ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$4,719,476
Program Services
89%
Other
8%
Investments
2%
Contributions
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2025
$3,856,595
Salaries & Benefits
53%
Interest
16%
Other
13%
Offices, Occupancy & IT
6%
Depreciation
6%
Fees to Service Providers
5%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$6,362
$17,930
+182%
Government Grants
$0
$0
-
Fundraising Events
$11,724
$10,897
-7%
Program Services
$3,845,296
$4,189,904
+9%
Membership Dues
$0
$0
-
Investments
$94,552
$103,054
+9%
Other
-$39,910
$397,691
-1096%
Total Revenues
$3,918,024
$4,719,476
+20%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,941,514
$2,038,050
+5%
Fees to Service Providers
$49,806
$189,745
+281%
Advertising & Promotion
$29,421
$82,778
+181%
Offices, Occupancy & IT
$201,061
$245,298
+22%
Interest
$624,684
$598,171
-4%
Depreciation
$197,681
$213,475
+8%
Other
$479,529
$489,078
+2%
Total Expenses
$3,523,696
$3,856,595
+9%
Net income
2024
2025
Change
Net income
+$394,328
+$862,881
+119%
Functional Expenses
Summary
2024
2025
Change
Program
$3,290,263
$3,613,934
+10%
Admin
$218,231
$239,697
+10%
Fundraising
$15,202
$2,964
-81%
Total Expenses
$3,523,696
$3,856,595
+9%
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