GEORGE WALTON ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,942,059
Program Services
90%
Contributions
7%
Fundraising Events
1%
Other
<1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$13,161,115
Salaries & Benefits
62%
Other
19%
Depreciation
7%
Offices, Occupancy & IT
5%
Grants
4%
Interest
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$811,258
$935,035
+15%
Government Grants
$1,810,463
$0
-100%
Fundraising Events
$120,875
$165,750
+37%
Program Services
$10,515,698
$11,655,235
+11%
Membership Dues
$0
$0
-
Investments
$16,352
$59,093
+261%
Other
$397,552
$126,946
-68%
Total Revenues
$13,672,198
$12,942,059
-5%
Expenses
2023
2024
Change
Grants
$503,085
$507,992
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,978,868
$8,168,542
+2%
Fees to Service Providers
$400,591
$175,086
-56%
Advertising & Promotion
$36,861
$54,974
+49%
Offices, Occupancy & IT
$558,178
$604,357
+8%
Interest
$154,545
$276,196
+79%
Depreciation
$918,041
$913,128
-1%
Other
$2,126,040
$2,460,840
+16%
Total Expenses
$12,676,209
$13,161,115
+4%
Net income
2023
2024
Change
Net income
+$995,989
-$219,056
-122%
Functional Expenses
Summary
2023
2024
Change
Program
$10,203,795
$10,570,016
+4%
Admin
$2,245,622
$2,358,075
+5%
Fundraising
$226,792
$233,024
+3%
Total Expenses
$12,676,209
$13,161,115
+4%
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