GRAND RAPIDS CHRISTIAN SCHOOLS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$38,268,437
Program Services
78%
Government Grants
9%
Other
8%
Contributions
5%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$40,315,446
Salaries & Benefits
41%
Other
15%
Grants
12%
Fees to Service Providers
11%
Depreciation
10%
Offices, Occupancy & IT
9%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$2,310,741
$1,822,024
-21%
Government Grants
$6,777,644
$3,443,415
-49%
Fundraising Events
$725,885
$110,412
-85%
Program Services
$28,122,474
$29,762,192
+6%
Membership Dues
$0
$0
-
Investments
$352,170
$231,937
-34%
Other
$2,092,396
$2,898,457
+39%
Total Revenues
$40,381,310
$38,268,437
-5%
Expenses
2024
2025
Change
Grants
$4,298,364
$4,943,595
+15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,923,529
$16,591,107
-2%
Fees to Service Providers
$2,456,892
$4,367,965
+78%
Advertising & Promotion
$145,701
$111,576
-23%
Offices, Occupancy & IT
$4,028,787
$3,665,872
-9%
Interest
$241,432
$507,486
+110%
Depreciation
$3,838,015
$4,155,709
+8%
Other
$17,306,010
$5,972,136
-65%
Total Expenses
$49,238,730
$40,315,446
-18%
Net income
2024
2025
Change
Net income
-$8,857,420
-$2,047,009
+77%
Functional Expenses
Summary
2024
2025
Change
Program
$41,134,379
$33,575,021
-18%
Admin
$6,838,986
$5,771,673
-16%
Fundraising
$1,265,365
$968,752
-23%
Total Expenses
$49,238,730
$40,315,446
-18%
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