PURPOSE PREPARATORY ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,238,656
Government Grants
88%
Contributions
8%
Investments
3%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$7,497,737
Salaries & Benefits
56%
Other
21%
Fees to Service Providers
14%
Offices, Occupancy & IT
5%
Depreciation
3%
Interest
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,159,394
$668,755
-42%
Government Grants
$6,902,105
$7,266,230
+5%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$106,380
$276,402
+160%
Other
$24,769
$27,269
+10%
Total Revenues
$8,192,648
$8,238,656
+1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,900,406
$4,200,140
+8%
Fees to Service Providers
$1,066,245
$1,034,631
-3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$398,986
$375,855
-6%
Interest
$95,107
$94,726
0%
Depreciation
$155,690
$198,942
+28%
Other
$1,662,833
$1,593,443
-4%
Total Expenses
$7,279,267
$7,497,737
+3%
Net income
2023
2024
Change
Net income
+$913,381
+$740,919
-19%
Functional Expenses
Summary
2023
2024
Change
Program
$4,570,311
$4,656,594
+2%
Admin
$2,616,432
$2,826,380
+8%
Fundraising
$92,524
$14,763
-84%
Total Expenses
$7,279,267
$7,497,737
+3%
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