The Pennington School
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,841,960
Program Services
82%
Contributions
8%
Investments
5%
Other
4%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$38,690,093
Salaries & Benefits
48%
Grants
22%
Offices, Occupancy & IT
13%
Fees to Service Providers
7%
Depreciation
7%
Other
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,393,207
$3,169,984
-28%
Government Grants
$0
$0
-
Fundraising Events
$55,157
$9,089
-84%
Program Services
$29,845,272
$31,120,376
+4%
Membership Dues
$0
$0
-
Investments
$1,691,843
$1,849,099
+9%
Other
$1,990,400
$1,693,412
-15%
Total Revenues
$37,975,879
$37,841,960
0%
Expenses
2023
2024
Change
Grants
$7,883,544
$8,386,149
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,809,222
$18,525,733
+4%
Fees to Service Providers
$2,334,643
$2,782,314
+19%
Advertising & Promotion
$54,037
$30,622
-43%
Offices, Occupancy & IT
$5,017,296
$5,183,468
+3%
Interest
$342,257
$324,377
-5%
Depreciation
$2,870,461
$2,718,888
-5%
Other
$608,228
$738,542
+21%
Total Expenses
$36,919,688
$38,690,093
+5%
Net income
2023
2024
Change
Net income
+$1,056,191
-$848,133
-180%
Functional Expenses
Summary
2023
2024
Change
Program
$27,378,770
$28,794,108
+5%
Admin
$7,982,669
$8,110,714
+2%
Fundraising
$1,558,249
$1,785,271
+15%
Total Expenses
$36,919,688
$38,690,093
+5%
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