THE BEAUFORT ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$5,425,190
Program Services
84%
Other
12%
Contributions
2%
Government Grants
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$4,938,203
Salaries & Benefits
60%
Other
20%
Grants
14%
Depreciation
3%
Offices, Occupancy & IT
2%
Interest
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$151,206
$114,673
-24%
Government Grants
$137,932
$86,056
-38%
Fundraising Events
$0
$0
-
Program Services
$4,069,806
$4,572,336
+12%
Membership Dues
$0
$0
-
Investments
$15,245
$16,673
+9%
Other
$287,500
$635,452
+121%
Total Revenues
$4,661,689
$5,425,190
+16%
Expenses
2024
2025
Change
Grants
$755,876
$668,386
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,638,581
$2,958,295
+12%
Fees to Service Providers
$35,655
$25,605
-28%
Advertising & Promotion
$5,142
$3,239
-37%
Offices, Occupancy & IT
$118,941
$107,932
-9%
Interest
$79,787
$72,201
-10%
Depreciation
$133,466
$124,034
-7%
Other
$1,009,688
$978,511
-3%
Total Expenses
$4,777,136
$4,938,203
+3%
Net income
2024
2025
Change
Net income
-$115,447
+$486,987
-522%
Functional Expenses
Summary
2024
2025
Change
Program
$3,499,752
$3,712,446
+6%
Admin
$1,277,384
$1,225,757
-4%
Fundraising
$0
$0
-
Total Expenses
$4,777,136
$4,938,203
+3%
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