THE FRANKLIN ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,778,324
Program Services
96%
Contributions
3%
Fundraising Events
1%
Government Grants
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$8,338,740
Salaries & Benefits
63%
Other
17%
Interest
5%
Offices, Occupancy & IT
5%
Depreciation
4%
Advertising & Promotion
2%
Grants
2%
Fees to Service Providers
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$447,192
$219,222
-51%
Government Grants
$0
$0
-
Fundraising Events
$109,766
$95,820
-13%
Program Services
$7,906,447
$7,463,282
-6%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$8,463,405
$7,778,324
-8%
Expenses
2023
2024
Change
Grants
$208,300
$136,500
-34%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,202,169
$5,229,924
+1%
Fees to Service Providers
$92,472
$128,735
+39%
Advertising & Promotion
$171,170
$181,160
+6%
Offices, Occupancy & IT
$421,124
$401,736
-5%
Interest
$420,678
$450,836
+7%
Depreciation
$356,799
$373,713
+5%
Other
$1,518,606
$1,436,136
-5%
Total Expenses
$8,391,318
$8,338,740
-1%
Net income
2023
2024
Change
Net income
+$72,087
-$560,416
-877%
Functional Expenses
Summary
2023
2024
Change
Program
$6,504,825
$6,272,943
-4%
Admin
$1,650,549
$1,825,634
+11%
Fundraising
$235,944
$240,163
+2%
Total Expenses
$8,391,318
$8,338,740
-1%
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