LEAD ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,682,175
Government Grants
97%
Program Services
2%
Investments
1%
Contributions
<1%
Fundraising Events
<1%
Membership Dues
0%
Other
0%
Expenses in 2024
$5,929,010
Salaries & Benefits
53%
Interest
13%
Other
13%
Offices, Occupancy & IT
10%
Depreciation
8%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$20,429
$10,638
-48%
Government Grants
$5,289,292
$5,491,687
+4%
Fundraising Events
$5,279
$4,040
-23%
Program Services
$150,636
$90,695
-40%
Membership Dues
$0
$0
-
Investments
$53,205
$85,115
+60%
Other
$0
$0
-
Total Revenues
$5,518,841
$5,682,175
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,918,533
$3,115,795
+7%
Fees to Service Providers
$129,508
$197,462
+52%
Advertising & Promotion
$7,692
$22,240
+189%
Offices, Occupancy & IT
$651,545
$601,680
-8%
Interest
$798,944
$790,550
-1%
Depreciation
$354,603
$458,437
+29%
Other
$710,059
$742,846
+5%
Total Expenses
$5,570,884
$5,929,010
+6%
Net income
2023
2024
Change
Net income
-$52,043
-$246,835
-374%
Functional Expenses
Summary
2023
2024
Change
Program
$3,838,238
$4,236,577
+10%
Admin
$1,672,420
$1,641,157
-2%
Fundraising
$60,226
$51,276
-15%
Total Expenses
$5,570,884
$5,929,010
+6%
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