TRUE NORTH CLASSICAL ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$33,210,174
Program Services
87%
Government Grants
6%
Contributions
5%
Other
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$31,692,018
Salaries & Benefits
59%
Offices, Occupancy & IT
12%
Fees to Service Providers
11%
Interest
9%
Depreciation
8%
Other
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$1,939,836
$1,537,914
-21%
Government Grants
$1,608,701
$2,062,196
+28%
Fundraising Events
$0
$0
-
Program Services
$24,562,327
$28,880,870
+18%
Membership Dues
$0
$0
-
Investments
$251,452
$274,781
+9%
Other
$0
$454,413
-
Total Revenues
$28,362,316
$33,210,174
+17%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,850,048
$18,578,506
+25%
Fees to Service Providers
$2,835,772
$3,345,954
+18%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$5,018,128
$3,849,631
-23%
Interest
$3,659,379
$2,806,250
-23%
Depreciation
$1,221,516
$2,448,420
+100%
Other
$832,345
$663,257
-20%
Total Expenses
$28,417,188
$31,692,018
+12%
Net income
2024
2025
Change
Net income
-$54,872
+$1,518,156
-2867%
Functional Expenses
Summary
2024
2025
Change
Program
$21,116,081
$22,747,314
+8%
Admin
$7,301,107
$8,944,704
+23%
Fundraising
$0
$0
-
Total Expenses
$28,417,188
$31,692,018
+12%
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