DELAWARE MILITARY ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,733,669
Government Grants
89%
Contributions
5%
Program Services
4%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$9,284,533
Salaries & Benefits
64%
Other
17%
Depreciation
7%
Interest
5%
Fees to Service Providers
3%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$304,412
$398,193
+31%
Government Grants
$7,611,298
$7,773,479
+2%
Fundraising Events
$0
$0
-
Program Services
$496,723
$346,089
-30%
Membership Dues
$0
$0
-
Investments
$60,391
$215,908
+258%
Other
$0
$0
-
Total Revenues
$8,472,824
$8,733,669
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,893,722
$5,977,677
+1%
Fees to Service Providers
$167,613
$316,575
+89%
Advertising & Promotion
$14,138
$13,749
-3%
Offices, Occupancy & IT
$236,478
$226,376
-4%
Interest
$521,666
$509,798
-2%
Depreciation
$666,938
$673,514
+1%
Other
$742,068
$1,566,844
+111%
Total Expenses
$8,242,623
$9,284,533
+13%
Net income
2023
2024
Change
Net income
+$230,201
-$550,864
-339%
Functional Expenses
Summary
2023
2024
Change
Program
$7,017,948
$7,329,483
+4%
Admin
$1,224,675
$1,955,050
+60%
Fundraising
$0
$0
-
Total Expenses
$8,242,623
$9,284,533
+13%
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