HERITAGE CLASSICAL ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,265,924
Contributions
63%
Program Services
35%
Investments
<1%
Fundraising Events
<1%
Other
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$5,641,409
Salaries & Benefits
64%
Other
17%
Offices, Occupancy & IT
8%
Interest
5%
Fees to Service Providers
3%
Depreciation
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$862,311
$7,774,165
+802%
Government Grants
$0
$0
-
Fundraising Events
$160,049
$106,700
-33%
Program Services
$3,783,199
$4,242,058
+12%
Membership Dues
$0
$0
-
Investments
$132
$118,697
+89822%
Other
-$18,485
$24,304
-231%
Total Revenues
$4,787,206
$12,265,924
+156%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,228,117
$3,619,182
+62%
Fees to Service Providers
$25,307
$176,443
+597%
Advertising & Promotion
$47,190
$45,994
-3%
Offices, Occupancy & IT
$813,806
$426,809
-48%
Interest
$0
$265,940
-
Depreciation
$56,879
$167,752
+195%
Other
$656,292
$939,289
+43%
Total Expenses
$3,827,591
$5,641,409
+47%
Net income
2023
2024
Change
Net income
+$959,615
+$6,624,515
+590%
Functional Expenses
Summary
2023
2024
Change
Program
$3,396,926
$4,638,310
+37%
Admin
$360,915
$814,932
+126%
Fundraising
$69,750
$188,167
+170%
Total Expenses
$3,827,591
$5,641,409
+47%
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