CORNERSTONE CHRISTIAN ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,791,698
Contributions
48%
Program Services
43%
Other
6%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,779,490
Salaries & Benefits
46%
Grants
26%
Offices, Occupancy & IT
11%
Fees to Service Providers
8%
Other
7%
Depreciation
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,996,119
$1,807,060
-40%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,621,072
$1,611,653
-1%
Membership Dues
$0
$0
-
Investments
$116,009
$159,641
+38%
Other
-$14,141
$213,344
-1609%
Total Revenues
$4,719,059
$3,791,698
-20%
Expenses
2023
2024
Change
Grants
$1,180,430
$1,222,791
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,175,506
$2,197,639
+1%
Fees to Service Providers
$311,921
$405,546
+30%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$532,045
$538,578
+1%
Interest
$0
$0
-
Depreciation
$64,151
$63,804
-1%
Other
$225,578
$351,132
+56%
Total Expenses
$4,489,631
$4,779,490
+6%
Net income
2023
2024
Change
Net income
+$229,428
-$987,792
-531%
Functional Expenses
Summary
2023
2024
Change
Program
$3,222,411
$3,283,542
+2%
Admin
$1,184,906
$1,022,694
-14%
Fundraising
$82,314
$473,254
+475%
Total Expenses
$4,489,631
$4,779,490
+6%
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