The Potomac School
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$71,544,671
Program Services
77%
Contributions
17%
Investments
3%
Other
2%
Fundraising Events
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$57,741,727
Salaries & Benefits
57%
Other
14%
Grants
10%
Depreciation
8%
Offices, Occupancy & IT
7%
Fees to Service Providers
3%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,905,653
$12,223,997
+149%
Government Grants
$0
$0
-
Fundraising Events
$17,616
$941,220
+5243%
Program Services
$52,574,800
$54,773,096
+4%
Membership Dues
$0
$0
-
Investments
$605,318
$1,871,720
+209%
Other
$2,159,345
$1,734,638
-20%
Total Revenues
$60,262,732
$71,544,671
+19%
Expenses
2023
2024
Change
Grants
$5,817,219
$5,619,264
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$32,698,345
$32,799,064
+0%
Fees to Service Providers
$1,767,564
$1,988,098
+12%
Advertising & Promotion
$66,101
$72,728
+10%
Offices, Occupancy & IT
$3,447,969
$3,944,530
+14%
Interest
$989,821
$903,670
-9%
Depreciation
$4,544,708
$4,370,722
-4%
Other
$7,004,464
$8,043,651
+15%
Total Expenses
$56,336,191
$57,741,727
+2%
Net income
2023
2024
Change
Net income
+$3,926,541
+$13,802,944
+252%
Functional Expenses
Summary
2023
2024
Change
Program
$47,393,798
$48,866,115
+3%
Admin
$6,977,515
$6,890,051
-1%
Fundraising
$1,964,878
$1,985,561
+1%
Total Expenses
$56,336,191
$57,741,727
+2%
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