CARY ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$30,536,938
Program Services
84%
Contributions
9%
Investments
6%
Fundraising Events
<1%
Other
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$29,307,019
Salaries & Benefits
62%
Depreciation
12%
Offices, Occupancy & IT
10%
Grants
8%
Other
7%
Fees to Service Providers
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,083,764
$2,720,049
-12%
Government Grants
$0
$0
-
Fundraising Events
$89,212
$100,387
+13%
Program Services
$24,643,203
$25,731,504
+4%
Membership Dues
$0
$0
-
Investments
$1,462,399
$1,899,290
+30%
Other
-$320,131
$85,708
-127%
Total Revenues
$28,958,447
$30,536,938
+5%
Expenses
2023
2024
Change
Grants
$2,189,676
$2,362,257
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,462,305
$18,190,874
+4%
Fees to Service Providers
$251,617
$254,107
+1%
Advertising & Promotion
$29,014
$19,399
-33%
Offices, Occupancy & IT
$2,738,027
$2,791,135
+2%
Interest
$271,201
$22,725
-92%
Depreciation
$3,188,150
$3,524,340
+11%
Other
$2,316,582
$2,142,182
-8%
Total Expenses
$28,446,572
$29,307,019
+3%
Net income
2023
2024
Change
Net income
+$511,875
+$1,229,919
+140%
Functional Expenses
Summary
2023
2024
Change
Program
$23,679,345
$24,582,173
+4%
Admin
$4,652,681
$4,571,604
-2%
Fundraising
$114,546
$153,242
+34%
Total Expenses
$28,446,572
$29,307,019
+3%
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