THE WESTMINSTER SCHOOLS INC
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$88,623,131
Program Services
79%
Contributions
14%
Investments
6%
Other
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$100,679,740
Salaries & Benefits
55%
Other
12%
Depreciation
11%
Grants
7%
Offices, Occupancy & IT
7%
Interest
4%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$26,861,563
$12,300,812
-54%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$66,647,878
$70,256,927
+5%
Membership Dues
$0
$0
-
Investments
$3,325,481
$5,025,712
+51%
Other
$900,080
$1,039,680
+16%
Total Revenues
$97,735,002
$88,623,131
-9%
Expenses
2023
2024
Change
Grants
$6,474,784
$6,787,749
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$52,680,684
$55,845,615
+6%
Fees to Service Providers
$2,906,660
$3,241,317
+12%
Advertising & Promotion
$278,021
$330,206
+19%
Offices, Occupancy & IT
$5,994,936
$6,706,126
+12%
Interest
$3,743,514
$3,929,582
+5%
Depreciation
$11,467,905
$11,564,290
+1%
Other
$13,808,326
$12,274,855
-11%
Total Expenses
$97,354,830
$100,679,740
+3%
Net income
2023
2024
Change
Net income
+$380,172
-$12,056,609
-3271%
Functional Expenses
Summary
2023
2024
Change
Program
$82,358,149
$87,791,099
+7%
Admin
$12,679,644
$9,725,690
-23%
Fundraising
$2,317,037
$3,162,951
+37%
Total Expenses
$97,354,830
$100,679,740
+3%
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