HOVNANIAN SCHOOL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,590,847
Program Services
60%
Other
21%
Contributions
16%
Investments
3%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,760,029
Salaries & Benefits
68%
Other
22%
Depreciation
4%
Offices, Occupancy & IT
3%
Fees to Service Providers
1%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$340,891
$721,967
+112%
Government Grants
$47,871
$37,724
-21%
Fundraising Events
$0
$0
-
Program Services
$2,250,948
$2,761,654
+23%
Membership Dues
$0
$0
-
Investments
$51,035
$117,479
+130%
Other
$589,488
$952,023
+61%
Total Revenues
$3,280,233
$4,590,847
+40%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,201,201
$2,568,134
+17%
Fees to Service Providers
$30,811
$44,096
+43%
Advertising & Promotion
$17,036
$11,016
-35%
Offices, Occupancy & IT
$129,929
$119,751
-8%
Interest
$45,695
$42,186
-8%
Depreciation
$146,463
$148,924
+2%
Other
$909,026
$825,922
-9%
Total Expenses
$3,480,161
$3,760,029
+8%
Net income
2023
2024
Change
Net income
-$199,928
+$830,818
-516%
Functional Expenses
Summary
2023
2024
Change
Program
$2,744,245
$2,922,405
+6%
Admin
$599,607
$685,592
+14%
Fundraising
$136,309
$152,032
+12%
Total Expenses
$3,480,161
$3,760,029
+8%
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