WHITEFIELD ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,616,219
Program Services
76%
Contributions
19%
Investments
2%
Other
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$31,641,856
Salaries & Benefits
48%
Other
15%
Grants
13%
Offices, Occupancy & IT
10%
Depreciation
8%
Fees to Service Providers
5%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,459,616
$7,162,186
-4%
Government Grants
$316,453
$374,800
+18%
Fundraising Events
$0
$207,895
-
Program Services
$25,917,728
$28,412,437
+10%
Membership Dues
$0
$0
-
Investments
$204,027
$829,611
+307%
Other
$92,252
$629,290
+582%
Total Revenues
$33,990,076
$37,616,219
+11%
Expenses
2023
2024
Change
Grants
$3,428,530
$4,016,200
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,617,911
$15,279,425
+12%
Fees to Service Providers
$1,622,644
$1,557,678
-4%
Advertising & Promotion
$213,471
$177,011
-17%
Offices, Occupancy & IT
$3,157,494
$3,208,657
+2%
Interest
$73,715
$61,215
-17%
Depreciation
$2,499,406
$2,579,739
+3%
Other
$4,373,606
$4,761,931
+9%
Total Expenses
$28,986,777
$31,641,856
+9%
Net income
2023
2024
Change
Net income
+$5,003,299
+$5,974,363
+19%
Functional Expenses
Summary
2023
2024
Change
Program
$22,727,074
$24,427,515
+7%
Admin
$4,438,917
$6,214,470
+40%
Fundraising
$1,820,786
$999,871
-45%
Total Expenses
$28,986,777
$31,641,856
+9%
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