KIPP BAY AREA SCHOOLS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$156,856,513
Government Grants
85%
Contributions
11%
Investments
3%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$148,101,414
Salaries & Benefits
68%
Fees to Service Providers
11%
Offices, Occupancy & IT
10%
Other
10%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,418,425
$17,841,751
+89%
Government Grants
$118,528,164
$133,983,411
+13%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3,547,069
$4,129,625
+16%
Other
$577,159
$901,726
+56%
Total Revenues
$132,070,817
$156,856,513
+19%
Expenses
2023
2024
Change
Grants
$17,233
$9,982
-42%
Benefits to Members
$0
$0
-
Salaries & Benefits
$90,968,357
$100,008,267
+10%
Fees to Service Providers
$14,446,584
$16,320,172
+13%
Advertising & Promotion
$867,268
$1,100,409
+27%
Offices, Occupancy & IT
$15,465,169
$14,419,535
-7%
Interest
$69,217
$66,454
-4%
Depreciation
$1,871,011
$1,889,299
+1%
Other
$11,094,814
$14,287,296
+29%
Total Expenses
$134,799,653
$148,101,414
+10%
Net income
2023
2024
Change
Net income
-$2,728,836
+$8,755,099
-421%
Functional Expenses
Summary
2023
2024
Change
Program
$118,787,038
$125,217,584
+5%
Admin
$14,834,424
$22,405,374
+51%
Fundraising
$1,178,191
$478,456
-59%
Total Expenses
$134,799,653
$148,101,414
+10%
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