THE MASTER'S SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,667,408
Program Services
84%
Contributions
10%
Other
4%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,193,306
Salaries & Benefits
53%
Grants
22%
Offices, Occupancy & IT
9%
Other
9%
Depreciation
4%
Fees to Service Providers
2%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$793,871
$466,656
-41%
Government Grants
$906,688
$0
-100%
Fundraising Events
$18,092
$0
-100%
Program Services
$2,923,168
$3,933,719
+35%
Membership Dues
$0
$0
-
Investments
$5,201
$77,775
+1395%
Other
$123,970
$189,258
+53%
Total Revenues
$4,770,990
$4,667,408
-2%
Expenses
2023
2024
Change
Grants
$1,031,822
$1,164,245
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,176,602
$2,748,514
+26%
Fees to Service Providers
$260,302
$110,025
-58%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$466,284
$468,251
+0%
Interest
$46,171
$43,529
-6%
Depreciation
$218,825
$212,985
-3%
Other
$207,052
$445,757
+115%
Total Expenses
$4,407,058
$5,193,306
+18%
Net income
2023
2024
Change
Net income
+$363,932
-$525,898
-245%
Functional Expenses
Summary
2023
2024
Change
Program
$3,565,752
$4,300,820
+21%
Admin
$780,974
$830,858
+6%
Fundraising
$60,332
$61,628
+2%
Total Expenses
$4,407,058
$5,193,306
+18%
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