Wheaton Academy
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$26,709,439
Program Services
57%
Contributions
33%
Government Grants
6%
Investments
2%
Other
2%
Fundraising Events
1%
Membership Dues
0%
Expenses in 2024
$19,901,042
Salaries & Benefits
46%
Grants
17%
Other
13%
Offices, Occupancy & IT
10%
Depreciation
6%
Fees to Service Providers
6%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,308,127
$8,712,307
+64%
Government Grants
$0
$1,602,628
-
Fundraising Events
$189,239
$275,231
+45%
Program Services
$15,311,905
$15,107,687
-1%
Membership Dues
$0
$0
-
Investments
$724,073
$598,324
-17%
Other
$384,511
$413,262
+7%
Total Revenues
$21,917,855
$26,709,439
+22%
Expenses
2023
2024
Change
Grants
$3,203,457
$3,347,526
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,659,939
$9,220,605
+6%
Fees to Service Providers
$1,077,519
$1,160,039
+8%
Advertising & Promotion
$11,847
$11,714
-1%
Offices, Occupancy & IT
$1,831,229
$1,944,433
+6%
Interest
$395,245
$494,841
+25%
Depreciation
$1,613,233
$1,200,475
-26%
Other
$2,762,144
$2,521,409
-9%
Total Expenses
$19,554,613
$19,901,042
+2%
Net income
2023
2024
Change
Net income
+$2,363,242
+$6,808,397
+188%
Functional Expenses
Summary
2023
2024
Change
Program
$13,596,495
$14,126,191
+4%
Admin
$5,384,839
$5,045,208
-6%
Fundraising
$573,279
$729,643
+27%
Total Expenses
$19,554,613
$19,901,042
+2%
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