THE BOYS' LATIN SCHOOL OF MARYLAND INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$30,217,579
Program Services
72%
Contributions
15%
Investments
8%
Other
5%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$28,564,120
Salaries & Benefits
50%
Grants
19%
Offices, Occupancy & IT
9%
Depreciation
9%
Other
6%
Interest
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,036,184
$4,665,802
-23%
Government Grants
$3,060,708
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$20,811,401
$21,891,700
+5%
Membership Dues
$0
$0
-
Investments
$1,191,219
$2,293,673
+93%
Other
$1,242,013
$1,366,404
+10%
Total Revenues
$32,341,525
$30,217,579
-7%
Expenses
2023
2024
Change
Grants
$5,101,577
$5,433,215
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,968,542
$14,165,394
+9%
Fees to Service Providers
$800,972
$712,606
-11%
Advertising & Promotion
$217,061
$244,866
+13%
Offices, Occupancy & IT
$2,278,624
$2,703,178
+19%
Interest
$715,539
$983,573
+37%
Depreciation
$1,943,344
$2,671,226
+37%
Other
$1,754,985
$1,650,062
-6%
Total Expenses
$25,780,644
$28,564,120
+11%
Net income
2023
2024
Change
Net income
+$6,560,881
+$1,653,459
-75%
Functional Expenses
Summary
2023
2024
Change
Program
$20,058,921
$22,295,606
+11%
Admin
$4,305,545
$4,790,814
+11%
Fundraising
$1,416,178
$1,477,700
+4%
Total Expenses
$25,780,644
$28,564,120
+11%
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