Randolph-Macon Academy
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$15,378,384
Program Services
85%
Contributions
9%
Other
4%
Investments
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$18,795,112
Salaries & Benefits
45%
Other
17%
Grants
17%
Depreciation
7%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Advertising & Promotion
3%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,777,968
$1,424,977
-79%
Government Grants
$0
$0
-
Fundraising Events
$624,706
$10,000
-98%
Program Services
$13,954,943
$13,055,384
-6%
Membership Dues
$0
$0
-
Investments
$192,535
$338,336
+76%
Other
-$947,395
$549,687
-158%
Total Revenues
$20,602,757
$15,378,384
-25%
Expenses
2023
2024
Change
Grants
$3,798,666
$3,190,561
-16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,429,792
$8,395,989
0%
Fees to Service Providers
$803,102
$1,006,860
+25%
Advertising & Promotion
$314,953
$506,288
+61%
Offices, Occupancy & IT
$1,067,862
$1,096,665
+3%
Interest
$92,420
$92,052
0%
Depreciation
$1,203,208
$1,231,913
+2%
Other
$3,017,624
$3,274,784
+9%
Total Expenses
$18,727,627
$18,795,112
+0%
Net income
2023
2024
Change
Net income
+$1,875,130
-$3,416,728
-282%
Functional Expenses
Summary
2023
2024
Change
Program
$14,933,177
$14,602,443
-2%
Admin
$3,374,200
$3,636,666
+8%
Fundraising
$420,250
$556,003
+32%
Total Expenses
$18,727,627
$18,795,112
+0%
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