MAKING WAVES ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$30,342,025
Government Grants
65%
Contributions
34%
Investments
1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$28,706,466
Salaries & Benefits
66%
Offices, Occupancy & IT
18%
Fees to Service Providers
10%
Other
6%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$8,684,325
$10,277,867
+18%
Government Grants
$20,508,302
$19,642,505
-4%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$66,531
$421,653
+534%
Other
$0
$0
-
Total Revenues
$29,259,158
$30,342,025
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$18,426,553
$18,997,784
+3%
Fees to Service Providers
$3,198,084
$2,953,764
-8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,851,201
$5,076,404
+5%
Interest
$0
$0
-
Depreciation
$18,201
$18,201
+0%
Other
$1,635,181
$1,660,313
+2%
Total Expenses
$28,129,220
$28,706,466
+2%
Net income
2023
2024
Change
Net income
+$1,129,938
+$1,635,559
+45%
Functional Expenses
Summary
2023
2024
Change
Program
$26,319,506
$26,929,963
+2%
Admin
$1,809,714
$1,776,503
-2%
Fundraising
$0
$0
-
Total Expenses
$28,129,220
$28,706,466
+2%
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