THE ACADEMY OF THE NEW CHURCH
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$49,266,131
Program Services
29%
Investments
28%
Contributions
21%
Other
21%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$41,899,075
Salaries & Benefits
42%
Offices, Occupancy & IT
13%
Other
12%
Depreciation
12%
Grants
12%
Fees to Service Providers
5%
Interest
4%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$3,488,264
$10,574,500
+203%
Government Grants
$253,430
$135,695
-46%
Fundraising Events
$39,970
$55,770
+40%
Program Services
$13,729,505
$14,458,353
+5%
Membership Dues
$0
$0
-
Investments
$13,237,218
$13,588,067
+3%
Other
$10,687,593
$10,453,746
-2%
Total Revenues
$41,435,980
$49,266,131
+19%
Expenses
2023
2024
Change
Grants
$5,037,285
$4,988,215
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,260,617
$17,633,059
+2%
Fees to Service Providers
$1,963,669
$1,935,934
-1%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$5,563,132
$5,482,012
-1%
Interest
$1,437,797
$1,510,970
+5%
Depreciation
$5,079,045
$5,144,323
+1%
Other
$4,998,946
$5,204,562
+4%
Total Expenses
$41,340,491
$41,899,075
+1%
Net income
2023
2024
Change
Net income
+$95,489
+$7,367,056
+7615%
Functional Expenses
Summary
2023
2024
Change
Program
$30,843,117
$30,552,677
-1%
Admin
$10,221,897
$10,995,464
+8%
Fundraising
$275,477
$350,934
+27%
Total Expenses
$41,340,491
$41,899,075
+1%
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