THE LIPPMAN SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,181,709
Program Services
48%
Contributions
31%
Other
13%
Government Grants
7%
Investments
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$2,227,530
Salaries & Benefits
63%
Other
19%
Offices, Occupancy & IT
11%
Fees to Service Providers
7%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$442,989
$667,018
+51%
Government Grants
$530,609
$157,849
-70%
Fundraising Events
$0
$14,830
-
Program Services
$1,110,438
$1,043,414
-6%
Membership Dues
$0
$0
-
Investments
$0
$21,846
-
Other
$214,911
$276,752
+29%
Total Revenues
$2,298,947
$2,181,709
-5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,111,210
$1,394,515
+25%
Fees to Service Providers
$249,140
$159,955
-36%
Advertising & Promotion
$1,974
$3,137
+59%
Offices, Occupancy & IT
$213,869
$235,530
+10%
Interest
$260
$0
-100%
Depreciation
$14,915
$19,233
+29%
Other
$363,693
$415,160
+14%
Total Expenses
$1,955,061
$2,227,530
+14%
Net income
2023
2024
Change
Net income
+$343,886
-$45,821
-113%
Functional Expenses
Summary
2023
2024
Change
Program
$1,667,505
$1,855,170
+11%
Admin
$278,511
$362,500
+30%
Fundraising
$9,045
$9,860
+9%
Total Expenses
$1,955,061
$2,227,530
+14%
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