HARLEM ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$8,335,618
Contributions
90%
Program Services
6%
Government Grants
3%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,301,230
Salaries & Benefits
56%
Other
20%
Depreciation
12%
Offices, Occupancy & IT
5%
Advertising & Promotion
3%
Fees to Service Providers
2%
Grants
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,895,595
$7,532,726
+54%
Government Grants
$151,081
$226,993
+50%
Fundraising Events
$0
$0
-
Program Services
$487,091
$531,200
+9%
Membership Dues
$0
$0
-
Investments
$12,667
$35,419
+180%
Other
$0
$9,280
-
Total Revenues
$5,546,434
$8,335,618
+50%
Expenses
2023
2024
Change
Grants
$75,000
$80,000
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,938,843
$3,537,724
+20%
Fees to Service Providers
$92,887
$141,172
+52%
Advertising & Promotion
$132,922
$166,503
+25%
Offices, Occupancy & IT
$202,578
$290,664
+43%
Interest
$36,792
$25,074
-32%
Depreciation
$773,506
$778,963
+1%
Other
$1,125,688
$1,281,130
+14%
Total Expenses
$5,378,216
$6,301,230
+17%
Net income
2023
2024
Change
Net income
+$168,218
+$2,034,388
+1109%
Functional Expenses
Summary
2023
2024
Change
Program
$4,317,877
$5,157,900
+19%
Admin
$407,444
$406,829
0%
Fundraising
$652,895
$736,501
+13%
Total Expenses
$5,378,216
$6,301,230
+17%
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