VALIANT CROSS ACADEMY
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$3,638,662
Contributions
42%
Program Services
40%
Fundraising Events
15%
Other
2%
Government Grants
1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$2,744,782
Salaries & Benefits
66%
Other
18%
Offices, Occupancy & IT
8%
Depreciation
6%
Fees to Service Providers
1%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,141,086
$1,530,858
+34%
Government Grants
$170,000
$39,000
-77%
Fundraising Events
$217,378
$556,150
+156%
Program Services
$1,114,802
$1,449,592
+30%
Membership Dues
$0
$0
-
Investments
$157
$234
+49%
Other
$178,848
$62,828
-65%
Total Revenues
$2,822,271
$3,638,662
+29%
Expenses
2023
2024
Change
Grants
$0
$2,000
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,748,247
$1,819,002
+4%
Fees to Service Providers
$90,491
$38,824
-57%
Advertising & Promotion
$425
$10,900
+2465%
Offices, Occupancy & IT
$91,952
$218,122
+137%
Interest
$0
$12,669
-
Depreciation
$108,724
$157,676
+45%
Other
$612,505
$485,589
-21%
Total Expenses
$2,652,344
$2,744,782
+3%
Net income
2023
2024
Change
Net income
+$169,927
+$893,880
+426%
Functional Expenses
Summary
2023
2024
Change
Program
$2,617,343
$2,718,539
+4%
Admin
$0
$10,743
-
Fundraising
$35,001
$15,500
-56%
Total Expenses
$2,652,344
$2,744,782
+3%
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