INDEPENDENCE MISSION SCHOOLS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$34,099,277
Contributions
68%
Program Services
29%
Investments
2%
Other
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$34,700,650
Salaries & Benefits
71%
Other
17%
Grants
5%
Depreciation
3%
Offices, Occupancy & IT
2%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$28,459,585
$23,290,432
-18%
Government Grants
$8,074,205
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$9,942,846
$9,792,800
-2%
Membership Dues
$0
$0
-
Investments
$5,622
$573,106
+10094%
Other
$394,304
$442,939
+12%
Total Revenues
$46,876,562
$34,099,277
-27%
Expenses
2023
2024
Change
Grants
$920,615
$1,644,209
+79%
Benefits to Members
$0
$0
-
Salaries & Benefits
$23,434,264
$24,724,819
+6%
Fees to Service Providers
$271,761
$294,165
+8%
Advertising & Promotion
$165,546
$189,969
+15%
Offices, Occupancy & IT
$1,069,842
$750,067
-30%
Interest
$63,704
$54,388
-15%
Depreciation
$1,205,779
$980,619
-19%
Other
$5,853,781
$6,062,414
+4%
Total Expenses
$32,985,292
$34,700,650
+5%
Net income
2023
2024
Change
Net income
+$13,891,270
-$601,373
-104%
Functional Expenses
Summary
2023
2024
Change
Program
$28,686,012
$31,068,726
+8%
Admin
$2,991,713
$2,487,407
-17%
Fundraising
$1,307,567
$1,144,517
-12%
Total Expenses
$32,985,292
$34,700,650
+5%
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