HORSE CREEK ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,439,765
Government Grants
92%
Program Services
6%
Investments
<1%
Contributions
<1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$17,272,522
Salaries & Benefits
71%
Interest
7%
Other
6%
Offices, Occupancy & IT
6%
Depreciation
6%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$82,577
$75,017
-9%
Government Grants
$14,076,158
$16,126,125
+15%
Fundraising Events
$16,419
$19,624
+20%
Program Services
$655,012
$1,047,598
+60%
Membership Dues
$0
$0
-
Investments
$89,916
$139,336
+55%
Other
$475,067
$32,065
-93%
Total Revenues
$15,395,149
$17,439,765
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,911,781
$12,334,182
+24%
Fees to Service Providers
$863,064
$454,196
-47%
Advertising & Promotion
$6,178
$22,228
+260%
Offices, Occupancy & IT
$1,088,776
$1,082,925
-1%
Interest
$1,269,740
$1,263,859
0%
Depreciation
$820,519
$1,008,479
+23%
Other
$680,239
$1,106,653
+63%
Total Expenses
$14,640,297
$17,272,522
+18%
Net income
2023
2024
Change
Net income
+$754,852
+$167,243
-78%
Functional Expenses
Summary
2023
2024
Change
Program
$11,775,925
$13,887,371
+18%
Admin
$2,864,372
$3,385,151
+18%
Fundraising
$0
$0
-
Total Expenses
$14,640,297
$17,272,522
+18%
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