PHILIPS ACADEMY CHARTER SCHOOL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$15,034,340
Government Grants
99%
Contributions
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$14,663,886
Salaries & Benefits
72%
Other
21%
Offices, Occupancy & IT
7%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$305,179
$143,665
-53%
Government Grants
$13,609,310
$14,841,751
+9%
Fundraising Events
$0
$0
-
Program Services
$152,864
$48,924
-68%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$14,067,353
$15,034,340
+7%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,634,213
$10,524,566
+9%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,237,573
$1,019,446
-18%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$3,156,683
$3,119,874
-1%
Total Expenses
$14,028,469
$14,663,886
+5%
Net income
2023
2024
Change
Net income
+$38,884
+$370,454
+853%
Functional Expenses
Summary
2023
2024
Change
Program
$12,320,288
$12,930,539
+5%
Admin
$1,708,181
$1,733,347
+1%
Fundraising
$0
$0
-
Total Expenses
$14,028,469
$14,663,886
+5%
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