Life Learning Academy
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,179,892
Government Grants
66%
Contributions
33%
Investments
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$4,409,592
Salaries & Benefits
58%
Fees to Service Providers
16%
Other
14%
Offices, Occupancy & IT
5%
Depreciation
5%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$2,163,503
$1,366,612
-37%
Government Grants
$2,689,459
$2,741,688
+2%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$20,917
$71,592
+242%
Other
$0
$0
-
Total Revenues
$4,873,879
$4,179,892
-14%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,480,990
$2,574,011
+4%
Fees to Service Providers
$420,736
$717,003
+70%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$180,215
$231,989
+29%
Interest
$44,900
$36,417
-19%
Depreciation
$216,143
$217,492
+1%
Other
$402,080
$632,680
+57%
Total Expenses
$3,745,064
$4,409,592
+18%
Net income
2023
2024
Change
Net income
+$1,128,815
-$229,700
-120%
Functional Expenses
Summary
2023
2024
Change
Program
$2,818,837
$3,311,305
+17%
Admin
$465,323
$501,124
+8%
Fundraising
$460,904
$597,163
+30%
Total Expenses
$3,745,064
$4,409,592
+18%
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