FRANKLIN ROAD ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$42,987,734
Program Services
72%
Contributions
25%
Fundraising Events
2%
Investments
2%
Other
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$31,414,564
Salaries & Benefits
56%
Other
16%
Offices, Occupancy & IT
11%
Depreciation
9%
Grants
7%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,599,836
$10,666,517
-8%
Government Grants
$0
$0
-
Fundraising Events
$863,563
$680,725
-21%
Program Services
$28,315,976
$30,988,155
+9%
Membership Dues
$0
$0
-
Investments
$275,540
$646,053
+134%
Other
-$39,030
$6,284
-116%
Total Revenues
$41,015,885
$42,987,734
+5%
Expenses
2023
2024
Change
Grants
$1,996,616
$2,120,049
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,205,155
$17,507,364
+8%
Fees to Service Providers
$180,812
$205,317
+14%
Advertising & Promotion
$229,839
$198,249
-14%
Offices, Occupancy & IT
$3,073,320
$3,468,790
+13%
Interest
$256,387
$183,132
-29%
Depreciation
$2,490,546
$2,690,705
+8%
Other
$4,697,900
$5,040,958
+7%
Total Expenses
$29,130,575
$31,414,564
+8%
Net income
2023
2024
Change
Net income
+$11,885,310
+$11,573,170
-3%
Functional Expenses
Summary
2023
2024
Change
Program
$26,557,727
$28,748,429
+8%
Admin
$1,377,023
$1,509,793
+10%
Fundraising
$1,195,825
$1,156,342
-3%
Total Expenses
$29,130,575
$31,414,564
+8%
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