HOPE ACADEMY CHARTER SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,932,529
Government Grants
60%
Contributions
38%
Investments
1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$5,726,739
Salaries & Benefits
66%
Other
28%
Depreciation
4%
Interest
2%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$54,264
$2,667,373
+4816%
Government Grants
$6,920,211
$4,156,939
-40%
Fundraising Events
$0
$0
-
Program Services
$0
$5,105
-
Membership Dues
$0
$0
-
Investments
$59,502
$103,112
+73%
Other
-$242,359
$0
-100%
Total Revenues
$6,791,618
$6,932,529
+2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,299,547
$3,751,896
-13%
Fees to Service Providers
$622,367
$22,046
-96%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$661,234
$0
-100%
Interest
$108,417
$122,250
+13%
Depreciation
$144,435
$241,590
+67%
Other
$212,069
$1,588,957
+649%
Total Expenses
$6,048,069
$5,726,739
-5%
Net income
2023
2024
Change
Net income
+$743,549
+$1,205,790
+62%
Functional Expenses
Summary
2023
2024
Change
Program
$3,423,908
$3,847,340
+12%
Admin
$2,624,161
$1,879,399
-28%
Fundraising
$0
$0
-
Total Expenses
$6,048,069
$5,726,739
-5%
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