SUMMIT PUBLIC SCHOOLS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$58,227,781
Government Grants
82%
Contributions
9%
Program Services
4%
Investments
3%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$52,814,960
Salaries & Benefits
61%
Fees to Service Providers
18%
Other
12%
Offices, Occupancy & IT
9%
Depreciation
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$5,127,775
$5,345,329
+4%
Government Grants
$52,976,218
$48,013,151
-9%
Fundraising Events
$0
$0
-
Program Services
$2,407,580
$2,508,231
+4%
Membership Dues
$0
$0
-
Investments
$981,509
$1,594,425
+62%
Other
$1,012,398
$766,645
-24%
Total Revenues
$62,505,480
$58,227,781
-7%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$40,154,591
$32,122,221
-20%
Fees to Service Providers
$12,477,276
$9,323,373
-25%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,783,589
$4,589,555
-4%
Interest
$0
$60,082
-
Depreciation
$2,814,976
$631,158
-78%
Other
$7,329,586
$6,088,571
-17%
Total Expenses
$67,560,018
$52,814,960
-22%
Net income
2023
2024
Change
Net income
-$5,054,538
+$5,412,821
-207%
Functional Expenses
Summary
2023
2024
Change
Program
$61,919,963
$47,515,032
-23%
Admin
$5,304,441
$4,961,087
-6%
Fundraising
$335,614
$338,841
+1%
Total Expenses
$67,560,018
$52,814,960
-22%
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