Lake Oconee Academy Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$16,118,996
Program Services
98%
Contributions
1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$16,345,938
Salaries & Benefits
74%
Offices, Occupancy & IT
8%
Other
7%
Depreciation
5%
Interest
4%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$785,697
$213,034
-73%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$15,675,092
$15,773,814
+1%
Membership Dues
$0
$0
-
Investments
$5,128
$132,148
+2477%
Other
$0
$0
-
Total Revenues
$16,465,917
$16,118,996
-2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,071,579
$12,139,863
+10%
Fees to Service Providers
$285,638
$297,854
+4%
Advertising & Promotion
$23,722
$30,392
+28%
Offices, Occupancy & IT
$1,101,661
$1,311,382
+19%
Interest
$585,759
$637,719
+9%
Depreciation
$383,963
$843,365
+120%
Other
$1,482,890
$1,085,363
-27%
Total Expenses
$14,935,212
$16,345,938
+9%
Net income
2023
2024
Change
Net income
+$1,530,705
-$226,942
-115%
Functional Expenses
Summary
2023
2024
Change
Program
$11,015,063
$11,250,776
+2%
Admin
$3,920,149
$5,095,162
+30%
Fundraising
$0
$0
-
Total Expenses
$14,935,212
$16,345,938
+9%
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