TOWER HILL SCHOOL ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$39,244,791
Program Services
74%
Contributions
12%
Other
7%
Investments
6%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$31,579,555
Salaries & Benefits
54%
Grants
19%
Other
7%
Offices, Occupancy & IT
7%
Fees to Service Providers
6%
Depreciation
5%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,711,507
$4,866,452
+79%
Government Grants
$3,064,030
$327,707
-89%
Fundraising Events
$25,732
$38,024
+48%
Program Services
$27,247,795
$28,927,810
+6%
Membership Dues
$0
$0
-
Investments
$1,932,483
$2,253,827
+17%
Other
$4,956,480
$2,830,971
-43%
Total Revenues
$39,938,027
$39,244,791
-2%
Expenses
2023
2024
Change
Grants
$5,613,995
$5,887,102
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,187,153
$17,201,172
+6%
Fees to Service Providers
$2,067,989
$1,966,735
-5%
Advertising & Promotion
$168,278
$173,685
+3%
Offices, Occupancy & IT
$1,839,403
$2,061,258
+12%
Interest
$253,106
$244,878
-3%
Depreciation
$1,649,986
$1,717,769
+4%
Other
$2,109,414
$2,326,956
+10%
Total Expenses
$29,889,324
$31,579,555
+6%
Net income
2023
2024
Change
Net income
+$10,048,703
+$7,665,236
-24%
Functional Expenses
Summary
2023
2024
Change
Program
$23,568,938
$25,108,857
+7%
Admin
$5,065,383
$5,136,747
+1%
Fundraising
$1,255,003
$1,333,951
+6%
Total Expenses
$29,889,324
$31,579,555
+6%
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