ACADEMY PREP FOUNDATION INC
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$1,964,303
Contributions
45%
Investments
39%
Other
13%
Government Grants
3%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,605,376
Salaries & Benefits
37%
Grants
30%
Depreciation
24%
Fees to Service Providers
7%
Other
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$620,574
$889,862
+43%
Government Grants
$48,468
$51,730
+7%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$521,287
$771,848
+48%
Other
$4,632,104
$250,863
-95%
Total Revenues
$5,822,433
$1,964,303
-66%
Expenses
2023
2024
Change
Grants
$476,940
$486,791
+2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$267,799
$601,387
+125%
Fees to Service Providers
$99,764
$120,280
+21%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,187
$3,576
+201%
Interest
$0
$0
-
Depreciation
$388,056
$389,472
+0%
Other
$2,206
$3,870
+75%
Total Expenses
$1,235,952
$1,605,376
+30%
Net income
2023
2024
Change
Net income
+$4,586,481
+$358,927
-92%
Functional Expenses
Summary
2023
2024
Change
Program
$944,549
$1,334,073
+41%
Admin
$291,094
$209,160
-28%
Fundraising
$309
$62,143
+20011%
Total Expenses
$1,235,952
$1,605,376
+30%
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