OHIO VIRTUAL ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$140,183,870
Government Grants
>99%
Investments
<1%
Other
<1%
Contributions
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$137,941,803
Salaries & Benefits
41%
Other
30%
Offices, Occupancy & IT
15%
Fees to Service Providers
13%
Grants
<1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$128,466,962
$139,559,231
+9%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$188,938
$326,080
+73%
Other
$40,157
$298,559
+643%
Total Revenues
$128,696,057
$140,183,870
+9%
Expenses
2023
2024
Change
Grants
$1,268,111
$1,222,216
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$55,437,641
$56,306,956
+2%
Fees to Service Providers
$16,139,143
$18,218,419
+13%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$20,365,413
$20,392,139
+0%
Interest
$0
$25,797
-
Depreciation
$291,807
$230,015
-21%
Other
$41,108,758
$41,546,261
+1%
Total Expenses
$134,610,873
$137,941,803
+2%
Net income
2023
2024
Change
Net income
-$5,914,816
+$2,242,067
-138%
Functional Expenses
Summary
2023
2024
Change
Program
$112,923,309
$114,187,710
+1%
Admin
$21,687,564
$23,754,093
+10%
Fundraising
$0
$0
-
Total Expenses
$134,610,873
$137,941,803
+2%
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