DELAWARE MILITARY ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$9,064,351
Government Grants
90%
Program Services
4%
Investments
3%
Contributions
3%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$9,349,664
Other
47%
Salaries & Benefits
34%
Depreciation
7%
Interest
5%
Fees to Service Providers
3%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$398,193
$268,903
-32%
Government Grants
$7,773,479
$8,185,705
+5%
Fundraising Events
$0
$0
-
Program Services
$346,089
$330,213
-5%
Membership Dues
$0
$0
-
Investments
$215,908
$279,530
+29%
Other
$0
$0
-
Total Revenues
$8,733,669
$9,064,351
+4%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,977,677
$3,192,676
-47%
Fees to Service Providers
$316,575
$304,041
-4%
Advertising & Promotion
$13,749
$7,378
-46%
Offices, Occupancy & IT
$226,376
$251,838
+11%
Interest
$509,798
$499,442
-2%
Depreciation
$673,514
$670,846
0%
Other
$1,566,844
$4,423,443
+182%
Total Expenses
$9,284,533
$9,349,664
+1%
Net income
2024
2025
Change
Net income
-$550,864
-$285,313
+48%
Functional Expenses
Summary
2024
2025
Change
Program
$7,329,483
$7,326,721
0%
Admin
$1,955,050
$2,022,943
+3%
Fundraising
$0
$0
-
Total Expenses
$9,284,533
$9,349,664
+1%
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