WESTERN RESERVE ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$49,803,235
Program Services
58%
Contributions
27%
Investments
12%
Other
4%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$40,999,185
Salaries & Benefits
39%
Grants
24%
Other
13%
Offices, Occupancy & IT
9%
Depreciation
7%
Fees to Service Providers
6%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,215,138
$13,325,070
+9%
Government Grants
$0
$0
-
Fundraising Events
$19,853
$27,169
+37%
Program Services
$27,516,952
$28,770,295
+5%
Membership Dues
$0
$0
-
Investments
$4,672,277
$5,762,767
+23%
Other
-$188,773
$1,917,934
-1116%
Total Revenues
$44,235,447
$49,803,235
+13%
Expenses
2023
2024
Change
Grants
$10,110,355
$9,920,638
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,418,387
$15,952,726
+3%
Fees to Service Providers
$2,527,746
$2,528,981
+0%
Advertising & Promotion
$278,528
$342,565
+23%
Offices, Occupancy & IT
$3,676,806
$3,799,995
+3%
Interest
$418,340
$400,258
-4%
Depreciation
$3,026,419
$2,839,792
-6%
Other
$4,535,866
$5,214,230
+15%
Total Expenses
$39,992,447
$40,999,185
+3%
Net income
2023
2024
Change
Net income
+$4,243,000
+$8,804,050
+107%
Functional Expenses
Summary
2023
2024
Change
Program
$32,554,043
$33,510,881
+3%
Admin
$5,167,978
$5,129,689
-1%
Fundraising
$2,270,426
$2,358,615
+4%
Total Expenses
$39,992,447
$40,999,185
+3%
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