SOPHIA ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,336,138
Contributions
58%
Fundraising Events
14%
Other
12%
Government Grants
7%
Investments
6%
Program Services
3%
Membership Dues
0%
Expenses in 2024
$1,743,859
Salaries & Benefits
63%
Other
28%
Fees to Service Providers
4%
Depreciation
4%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$839,162
$778,409
-7%
Government Grants
$78,538
$98,222
+25%
Fundraising Events
$359,550
$185,354
-48%
Program Services
$45,565
$38,093
-16%
Membership Dues
$0
$0
-
Investments
$35,946
$78,073
+117%
Other
-$7,898
$157,987
-2100%
Total Revenues
$1,350,863
$1,336,138
-1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,076,007
$1,099,177
+2%
Fees to Service Providers
$68,819
$78,106
+13%
Advertising & Promotion
$17,413
$4,621
-73%
Offices, Occupancy & IT
$5,382
$5,848
+9%
Interest
$0
$0
-
Depreciation
$75,408
$75,644
+0%
Other
$469,465
$480,463
+2%
Total Expenses
$1,712,494
$1,743,859
+2%
Net income
2023
2024
Change
Net income
-$361,631
-$407,721
-13%
Functional Expenses
Summary
2023
2024
Change
Program
$1,358,019
$1,417,683
+4%
Admin
$243,982
$263,236
+8%
Fundraising
$110,493
$62,940
-43%
Total Expenses
$1,712,494
$1,743,859
+2%
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