HAMPTON ROADS ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Data visualization unavailable
Revenues in 2024
$13,866,637
Program Services
N/A
Contributions
N/A
Investments
N/A
Fundraising Events
N/A
Government Grants
N/A
Membership Dues
N/A
Expenses in 2024
$14,805,236
Salaries & Benefits
66%
Grants
11%
Other
8%
Offices, Occupancy & IT
7%
Depreciation
6%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,158,899
$782,470
-75%
Government Grants
$148,666
$0
-100%
Fundraising Events
$0
$116,478
-
Program Services
$12,958,050
$12,687,790
-2%
Membership Dues
$0
$0
-
Investments
$261,460
$300,646
+15%
Other
$100,632
-$20,747
-121%
Total Revenues
$16,627,707
$13,866,637
-17%
Expenses
2023
2024
Change
Grants
$1,581,468
$1,585,044
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,062,392
$9,714,987
+7%
Fees to Service Providers
$101,958
$105,952
+4%
Advertising & Promotion
$50,401
$83,466
+66%
Offices, Occupancy & IT
$1,210,562
$1,105,350
-9%
Interest
$52,309
$33,127
-37%
Depreciation
$889,262
$949,330
+7%
Other
$1,338,884
$1,227,980
-8%
Total Expenses
$14,287,236
$14,805,236
+4%
Net income
2023
2024
Change
Net income
+$2,340,471
-$938,599
-140%
Functional Expenses
Summary
2023
2024
Change
Program
$9,719,827
$9,934,303
+2%
Admin
$4,560,876
$4,870,933
+7%
Fundraising
$6,533
$0
-100%
Total Expenses
$14,287,236
$14,805,236
+4%
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