TRINITY ACADEMY INCORPORATED
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$10,236,899
Program Services
73%
Contributions
20%
Other
4%
Fundraising Events
2%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$9,757,164
Salaries & Benefits
52%
Other
15%
Offices, Occupancy & IT
13%
Grants
11%
Depreciation
8%
Interest
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,040,606
$2,083,271
+2%
Government Grants
$0
$0
-
Fundraising Events
$34,795
$183,188
+426%
Program Services
$7,752,618
$7,514,382
-3%
Membership Dues
$0
$0
-
Investments
$45,148
$73,131
+62%
Other
$579,048
$382,927
-34%
Total Revenues
$10,452,215
$10,236,899
-2%
Expenses
2023
2024
Change
Grants
$1,072,553
$1,027,757
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,764,951
$5,089,490
+7%
Fees to Service Providers
$18,796
$22,633
+20%
Advertising & Promotion
$38,005
$20,601
-46%
Offices, Occupancy & IT
$870,100
$1,286,522
+48%
Interest
$100,800
$108,427
+8%
Depreciation
$723,488
$766,161
+6%
Other
$1,372,365
$1,435,573
+5%
Total Expenses
$8,961,058
$9,757,164
+9%
Net income
2023
2024
Change
Net income
+$1,491,157
+$479,735
-68%
Functional Expenses
Summary
2023
2024
Change
Program
$6,971,360
$7,262,128
+4%
Admin
$1,324,533
$1,886,200
+42%
Fundraising
$665,165
$608,836
-8%
Total Expenses
$8,961,058
$9,757,164
+9%
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