LAKE FOREST ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$38,073,971
Program Services
75%
Contributions
10%
Other
8%
Investments
4%
Fundraising Events
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$36,335,971
Salaries & Benefits
44%
Other
22%
Grants
17%
Depreciation
8%
Offices, Occupancy & IT
5%
Interest
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,986,516
$3,864,764
-3%
Government Grants
$1,090,138
$0
-100%
Fundraising Events
$1,213,856
$887,355
-27%
Program Services
$26,899,973
$28,655,394
+7%
Membership Dues
$0
$0
-
Investments
$1,259,487
$1,643,448
+30%
Other
$1,983,368
$3,023,010
+52%
Total Revenues
$36,433,338
$38,073,971
+5%
Expenses
2023
2024
Change
Grants
$5,774,596
$6,310,131
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,093,195
$15,905,088
+13%
Fees to Service Providers
$433,983
$460,864
+6%
Advertising & Promotion
$29,627
$42,580
+44%
Offices, Occupancy & IT
$1,788,332
$1,963,283
+10%
Interest
$782,469
$860,513
+10%
Depreciation
$3,047,430
$2,892,359
-5%
Other
$8,763,450
$7,901,153
-10%
Total Expenses
$34,713,082
$36,335,971
+5%
Net income
2023
2024
Change
Net income
+$1,720,256
+$1,738,000
+1%
Functional Expenses
Summary
2023
2024
Change
Program
$25,909,610
$27,224,643
+5%
Admin
$6,890,842
$7,330,255
+6%
Fundraising
$1,912,630
$1,781,073
-7%
Total Expenses
$34,713,082
$36,335,971
+5%
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