SEVERN SCHOOL INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$30,743,982
Program Services
85%
Contributions
10%
Investments
3%
Other
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$28,671,950
Salaries & Benefits
62%
Other
12%
Grants
11%
Depreciation
6%
Offices, Occupancy & IT
5%
Fees to Service Providers
1%
Advertising & Promotion
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,426,894
$3,194,192
+32%
Government Grants
$1,815,601
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$25,332,957
$26,169,712
+3%
Membership Dues
$0
$0
-
Investments
$526,616
$854,473
+62%
Other
$266,175
$525,605
+97%
Total Revenues
$30,368,243
$30,743,982
+1%
Expenses
2023
2024
Change
Grants
$3,103,914
$3,218,285
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,801,785
$17,880,976
+6%
Fees to Service Providers
$390,639
$403,031
+3%
Advertising & Promotion
$387,404
$289,947
-25%
Offices, Occupancy & IT
$1,213,305
$1,399,962
+15%
Interest
$244,019
$257,901
+6%
Depreciation
$1,789,773
$1,831,781
+2%
Other
$3,278,799
$3,390,067
+3%
Total Expenses
$27,209,638
$28,671,950
+5%
Net income
2023
2024
Change
Net income
+$3,158,605
+$2,072,032
-34%
Functional Expenses
Summary
2023
2024
Change
Program
$22,835,535
$24,152,033
+6%
Admin
$3,308,769
$3,457,980
+5%
Fundraising
$1,065,334
$1,061,937
0%
Total Expenses
$27,209,638
$28,671,950
+5%
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