Asheville Christian Academy Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$13,014,375
Program Services
90%
Contributions
6%
Other
3%
Fundraising Events
1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$13,967,558
Salaries & Benefits
53%
Other
24%
Grants
9%
Depreciation
6%
Offices, Occupancy & IT
5%
Interest
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,006,414
$733,359
-27%
Government Grants
$2,628,000
$0
-100%
Fundraising Events
$0
$139,200
-
Program Services
$9,843,114
$11,708,890
+19%
Membership Dues
$0
$0
-
Investments
$606
$65,916
+10777%
Other
$1,095,310
$367,010
-66%
Total Revenues
$14,573,444
$13,014,375
-11%
Expenses
2023
2024
Change
Grants
$1,197,989
$1,323,170
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,736,586
$7,417,742
+10%
Fees to Service Providers
$469,198
$79,339
-83%
Advertising & Promotion
$70,929
$69,572
-2%
Offices, Occupancy & IT
$411,431
$636,179
+55%
Interest
$105,352
$151,588
+44%
Depreciation
$850,273
$875,912
+3%
Other
$2,540,529
$3,414,056
+34%
Total Expenses
$12,382,287
$13,967,558
+13%
Net income
2023
2024
Change
Net income
+$2,191,157
-$953,183
-144%
Functional Expenses
Summary
2023
2024
Change
Program
$8,099,802
$8,798,411
+9%
Admin
$3,995,725
$4,725,235
+18%
Fundraising
$286,760
$443,912
+55%
Total Expenses
$12,382,287
$13,967,558
+13%
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