FREDERICA ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$15,619,849
Program Services
70%
Contributions
26%
Other
2%
Fundraising Events
1%
Investments
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$12,969,343
Salaries & Benefits
50%
Other
41%
Depreciation
7%
Offices, Occupancy & IT
1%
Fees to Service Providers
<1%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,336,294
$4,003,683
+20%
Government Grants
$0
$0
-
Fundraising Events
$247,520
$189,123
-24%
Program Services
$9,835,753
$10,951,821
+11%
Membership Dues
$0
$0
-
Investments
$188,213
$160,555
-15%
Other
$195,181
$314,667
+61%
Total Revenues
$13,802,961
$15,619,849
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,252,199
$6,455,199
+3%
Fees to Service Providers
$59,876
$76,588
+28%
Advertising & Promotion
$31,002
$39,706
+28%
Offices, Occupancy & IT
$145,165
$151,212
+4%
Interest
$41,478
$51,005
+23%
Depreciation
$679,462
$941,020
+38%
Other
$4,737,907
$5,254,613
+11%
Total Expenses
$11,947,089
$12,969,343
+9%
Net income
2023
2024
Change
Net income
+$1,855,872
+$2,650,506
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$10,002,380
$10,503,441
+5%
Admin
$1,442,008
$1,916,224
+33%
Fundraising
$502,701
$549,678
+9%
Total Expenses
$11,947,089
$12,969,343
+9%
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