MADISON ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2017
$2,273,834
Program Services
41%
Contributions
33%
Other
26%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2017
$2,445,458
Other
98%
Salaries & Benefits
2%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Offices, Occupancy & IT
0%
Interest
0%
Depreciation
0%
Revenues
2016
2017
Change
Contributions
$610,830
$757,986
+24%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$918,691
$927,565
+1%
Membership Dues
$0
$0
-
Investments
$507
$216
-57%
Other
$408,326
$588,067
+44%
Total Revenues
$1,938,354
$2,273,834
+17%
Expenses
2016
2017
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$116,844
$59,625
-49%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,865,764
$2,385,833
+28%
Total Expenses
$1,982,608
$2,445,458
+23%
Net income
2016
2017
Change
Net income
-$44,254
-$171,624
-288%
Functional Expenses
Summary
2016
2017
Change
Program
$1,450,484
$1,817,596
+25%
Admin
$532,124
$627,862
+18%
Fundraising
$0
$0
-
Total Expenses
$1,982,608
$2,445,458
+23%
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