GLENWOOD ACADEMY
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$7,881,771
Contributions
55%
Other
20%
Investments
12%
Government Grants
8%
Fundraising Events
5%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,970,272
Salaries & Benefits
37%
Depreciation
17%
Other
16%
Interest
13%
Fees to Service Providers
9%
Offices, Occupancy & IT
8%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,380,744
$4,352,642
-1%
Government Grants
$236,896
$643,872
+172%
Fundraising Events
$291,407
$369,718
+27%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$806,691
$908,501
+13%
Other
$1,074,009
$1,607,038
+50%
Total Revenues
$6,789,747
$7,881,771
+16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,757,346
$1,847,797
+5%
Fees to Service Providers
$511,541
$459,506
-10%
Advertising & Promotion
$119
$504
+324%
Offices, Occupancy & IT
$330,033
$404,028
+22%
Interest
$511,898
$627,695
+23%
Depreciation
$772,651
$836,300
+8%
Other
$725,923
$794,442
+9%
Total Expenses
$4,609,511
$4,970,272
+8%
Net income
2023
2024
Change
Net income
+$2,180,236
+$2,911,499
+34%
Functional Expenses
Summary
2023
2024
Change
Program
$2,807,045
$3,118,371
+11%
Admin
$1,141,739
$1,118,238
-2%
Fundraising
$660,727
$733,663
+11%
Total Expenses
$4,609,511
$4,970,272
+8%
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