GRACE ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$2,268,586
Contributions
55%
Fundraising Events
25%
Other
12%
Investments
8%
Program Services
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2025
$1,476,273
Salaries & Benefits
68%
Other
14%
Offices, Occupancy & IT
12%
Fees to Service Providers
3%
Depreciation
2%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$847,456
$1,247,228
+47%
Government Grants
$0
$0
-
Fundraising Events
$495,002
$559,396
+13%
Program Services
$7,224
$6,735
-7%
Membership Dues
$0
$0
-
Investments
$141,325
$172,463
+22%
Other
$81,241
$282,764
+248%
Total Revenues
$1,572,248
$2,268,586
+44%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$888,733
$1,001,336
+13%
Fees to Service Providers
$24,468
$37,177
+52%
Advertising & Promotion
$18,193
$15,842
-13%
Offices, Occupancy & IT
$190,817
$176,725
-7%
Interest
$0
$0
-
Depreciation
$36,353
$36,219
0%
Other
$259,177
$208,974
-19%
Total Expenses
$1,417,741
$1,476,273
+4%
Net income
2024
2025
Change
Net income
+$154,507
+$792,313
+413%
Functional Expenses
Summary
2024
2025
Change
Program
$1,110,648
$1,094,206
-1%
Admin
$195,278
$208,333
+7%
Fundraising
$111,815
$173,734
+55%
Total Expenses
$1,417,741
$1,476,273
+4%
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