MINNEHAHA ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$28,391,904
Program Services
84%
Contributions
9%
Investments
3%
Other
3%
Fundraising Events
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2025
$30,668,350
Salaries & Benefits
53%
Grants
24%
Other
10%
Depreciation
8%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,607,348
$2,525,075
+57%
Government Grants
$0
$0
-
Fundraising Events
$328,366
$432,627
+32%
Program Services
$22,843,870
$23,734,896
+4%
Membership Dues
$0
$0
-
Investments
$777,344
$903,524
+16%
Other
$362,773
$795,782
+119%
Total Revenues
$25,919,701
$28,391,904
+10%
Expenses
2024
2025
Change
Grants
$6,647,432
$7,264,334
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,239,957
$16,119,924
+6%
Fees to Service Providers
$247,752
$518,131
+109%
Advertising & Promotion
$141,671
$118,061
-17%
Offices, Occupancy & IT
$845,043
$920,740
+9%
Interest
$11,417
$19,555
+71%
Depreciation
$2,448,668
$2,518,644
+3%
Other
$2,775,686
$3,188,961
+15%
Total Expenses
$28,357,626
$30,668,350
+8%
Net income
2024
2025
Change
Net income
-$2,437,925
-$2,276,446
+7%
Functional Expenses
Summary
2024
2025
Change
Program
$25,457,693
$27,308,041
+7%
Admin
$2,258,651
$2,566,104
+14%
Fundraising
$641,282
$794,205
+24%
Total Expenses
$28,357,626
$30,668,350
+8%
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