THE MASTERS PREPARATORY ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$312,523
Government Grants
98%
Contributions
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$300,979
Other
98%
Fees to Service Providers
2%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$0
$6,873
-
Government Grants
$0
$305,650
-
Fundraising Events
$0
$0
-
Program Services
$110,206
$0
-100%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$110,206
$312,523
+184%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$56,200
$0
-100%
Fees to Service Providers
$0
$5,379
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$36,609
$295,600
+707%
Total Expenses
$92,809
$300,979
+224%
Net income
2023
2024
Change
Net income
+$17,397
+$11,544
-34%
Functional Expenses
Summary
2023
2024
Change
Program
$83,958
$293,392
+249%
Admin
$8,851
$5,379
-39%
Fundraising
$0
$0
-
Total Expenses
$92,809
$300,979
+224%
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