Timothy Christian Schools
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$20,045,849
Program Services
79%
Contributions
17%
Other
2%
Fundraising Events
2%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$20,365,969
Salaries & Benefits
57%
Depreciation
10%
Other
10%
Grants
10%
Offices, Occupancy & IT
9%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,886,657
$3,385,998
-13%
Government Grants
$2,720,923
$0
-100%
Fundraising Events
$227,673
$311,797
+37%
Program Services
$14,892,796
$15,803,085
+6%
Membership Dues
$0
$0
-
Investments
$42,077
$49,083
+17%
Other
$297,732
$495,886
+67%
Total Revenues
$22,067,858
$20,045,849
-9%
Expenses
2023
2024
Change
Grants
$1,862,283
$1,966,536
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,902,953
$11,634,594
+7%
Fees to Service Providers
$410,361
$356,244
-13%
Advertising & Promotion
$161,368
$150,903
-6%
Offices, Occupancy & IT
$1,858,618
$1,778,756
-4%
Interest
$4,099
$323,937
+7803%
Depreciation
$1,666,414
$2,129,473
+28%
Other
$2,029,469
$2,025,526
0%
Total Expenses
$18,895,565
$20,365,969
+8%
Net income
2023
2024
Change
Net income
+$3,172,293
-$320,120
-110%
Functional Expenses
Summary
2023
2024
Change
Program
$15,941,137
$17,158,140
+8%
Admin
$2,472,154
$2,833,685
+15%
Fundraising
$482,274
$374,144
-22%
Total Expenses
$18,895,565
$20,365,969
+8%
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