FRIENDS SCHOOL OF BALTIMORE INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$38,375,876
Program Services
78%
Contributions
12%
Other
6%
Investments
3%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$35,735,144
Salaries & Benefits
49%
Grants
24%
Other
10%
Depreciation
6%
Offices, Occupancy & IT
4%
Fees to Service Providers
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,661,661
$4,763,595
+30%
Government Grants
$0
$0
-
Fundraising Events
$28,940
$19,785
-32%
Program Services
$29,008,649
$30,011,875
+3%
Membership Dues
$0
$0
-
Investments
$1,192,012
$1,132,005
-5%
Other
$165,221
$2,448,616
+1382%
Total Revenues
$34,056,483
$38,375,876
+13%
Expenses
2023
2024
Change
Grants
$8,289,392
$8,704,694
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,209,562
$17,685,311
+3%
Fees to Service Providers
$1,384,170
$1,467,228
+6%
Advertising & Promotion
$11,513
$184,319
+1501%
Offices, Occupancy & IT
$1,311,489
$1,562,792
+19%
Interest
$100,070
$189,770
+90%
Depreciation
$2,203,019
$2,293,787
+4%
Other
$4,036,816
$3,647,243
-10%
Total Expenses
$34,546,031
$35,735,144
+3%
Net income
2023
2024
Change
Net income
-$489,548
+$2,640,732
-639%
Functional Expenses
Summary
2023
2024
Change
Program
$29,171,010
$30,373,095
+4%
Admin
$4,232,453
$4,094,223
-3%
Fundraising
$1,142,568
$1,267,826
+11%
Total Expenses
$34,546,031
$35,735,144
+3%
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