VALLEY FORGE MILITARY ACADEMY FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$11,229,056
Program Services
49%
Contributions
36%
Other
10%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$10,971,428
Salaries & Benefits
35%
Other
16%
Fees to Service Providers
14%
Grants
13%
Depreciation
13%
Offices, Occupancy & IT
6%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,830,774
$4,088,040
+123%
Government Grants
$1,322,449
$0
-100%
Fundraising Events
$85,180
$0
-100%
Program Services
$10,307,118
$5,483,682
-47%
Membership Dues
$0
$0
-
Investments
$137,674
$486,420
+253%
Other
$9,510,777
$1,170,914
-88%
Total Revenues
$23,193,972
$11,229,056
-52%
Expenses
2023
2024
Change
Grants
$3,146,054
$1,465,016
-53%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,020,885
$3,844,584
-36%
Fees to Service Providers
$2,327,117
$1,553,107
-33%
Advertising & Promotion
$106,982
$51,553
-52%
Offices, Occupancy & IT
$1,141,297
$646,460
-43%
Interest
$381,600
$276,728
-27%
Depreciation
$1,311,050
$1,371,452
+5%
Other
$4,431,749
$1,762,528
-60%
Total Expenses
$18,866,734
$10,971,428
-42%
Net income
2023
2024
Change
Net income
+$4,327,238
+$257,628
-94%
Functional Expenses
Summary
2023
2024
Change
Program
$12,270,664
$5,479,314
-55%
Admin
$6,061,182
$4,945,219
-18%
Fundraising
$534,888
$546,895
+2%
Total Expenses
$18,866,734
$10,971,428
-42%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)