THE KOINONIA ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,219,101
Program Services
62%
Contributions
31%
Fundraising Events
3%
Other
3%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$2,243,609
Salaries & Benefits
61%
Offices, Occupancy & IT
16%
Other
15%
Depreciation
6%
Interest
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$640,524
$683,911
+7%
Government Grants
$0
$0
-
Fundraising Events
$100,655
$69,778
-31%
Program Services
$1,160,119
$1,385,861
+19%
Membership Dues
$0
$0
-
Investments
$59,364
$16,052
-73%
Other
$4,521,792
$63,499
-99%
Total Revenues
$6,482,454
$2,219,101
-66%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,104,599
$1,372,728
+24%
Fees to Service Providers
$34,226
$8,925
-74%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$300,166
$365,332
+22%
Interest
$19,836
$18,860
-5%
Depreciation
$34,143
$138,696
+306%
Other
$271,983
$339,068
+25%
Total Expenses
$1,764,953
$2,243,609
+27%
Net income
2023
2024
Change
Net income
+$4,717,501
-$24,508
-101%
Functional Expenses
Summary
2023
2024
Change
Program
$1,484,986
$1,879,465
+27%
Admin
$279,967
$350,426
+25%
Fundraising
$0
$13,718
-
Total Expenses
$1,764,953
$2,243,609
+27%
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