THE HEADWATERS ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,901,141
Program Services
70%
Contributions
21%
Investments
7%
Other
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,084,630
Salaries & Benefits
60%
Other
14%
Depreciation
11%
Offices, Occupancy & IT
7%
Grants
5%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$278,113
$393,414
+41%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,339,275
$1,338,375
0%
Membership Dues
$0
$0
-
Investments
$81,237
$133,786
+65%
Other
$49,505
$35,566
-28%
Total Revenues
$1,748,130
$1,901,141
+9%
Expenses
2023
2024
Change
Grants
$106,651
$106,072
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,232,279
$1,240,439
+1%
Fees to Service Providers
$45,364
$53,356
+18%
Advertising & Promotion
$5,443
$10,320
+90%
Offices, Occupancy & IT
$141,657
$152,321
+8%
Interest
$0
$0
-
Depreciation
$217,049
$226,985
+5%
Other
$267,794
$295,137
+10%
Total Expenses
$2,016,237
$2,084,630
+3%
Net income
2023
2024
Change
Net income
-$268,107
-$183,489
+32%
Functional Expenses
Summary
2023
2024
Change
Program
$1,326,949
$1,351,813
+2%
Admin
$689,149
$732,817
+6%
Fundraising
$139
$0
-100%
Total Expenses
$2,016,237
$2,084,630
+3%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)