CITY ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,136,834
Contributions
46%
Investments
26%
Program Services
16%
Fundraising Events
9%
Other
4%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$7,055,724
Salaries & Benefits
64%
Other
14%
Depreciation
12%
Fees to Service Providers
6%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,483,095
$3,289,191
+32%
Government Grants
$0
$0
-
Fundraising Events
$77,004
$663,708
+762%
Program Services
$974,298
$1,110,869
+14%
Membership Dues
$0
$0
-
Investments
$2,035,516
$1,821,566
-11%
Other
-$191,250
$251,500
-232%
Total Revenues
$5,378,663
$7,136,834
+33%
Expenses
2023
2024
Change
Grants
$11,000
$7,500
-32%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,125,451
$4,494,747
+9%
Fees to Service Providers
$714,123
$429,858
-40%
Advertising & Promotion
$18,149
$20,441
+13%
Offices, Occupancy & IT
$218,522
$270,217
+24%
Interest
$0
$0
-
Depreciation
$662,517
$865,302
+31%
Other
$784,338
$967,659
+23%
Total Expenses
$6,534,100
$7,055,724
+8%
Net income
2023
2024
Change
Net income
-$1,155,437
+$81,110
-107%
Functional Expenses
Summary
2023
2024
Change
Program
$5,056,187
$5,630,754
+11%
Admin
$1,003,641
$817,069
-19%
Fundraising
$474,272
$607,901
+28%
Total Expenses
$6,534,100
$7,055,724
+8%
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