MADISON ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,770,651
Program Services
93%
Contributions
5%
Other
2%
Investments
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,413,623
Salaries & Benefits
50%
Other
38%
Depreciation
6%
Offices, Occupancy & IT
3%
Interest
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$523,405
$608,842
+16%
Government Grants
$0
$12,500
-
Fundraising Events
$0
$0
-
Program Services
$9,129,489
$11,875,081
+30%
Membership Dues
$0
$0
-
Investments
$111,686
$81,930
-27%
Other
$112,582
$192,298
+71%
Total Revenues
$9,877,162
$12,770,651
+29%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,236,789
$6,766,132
+8%
Fees to Service Providers
$28,503
$77,670
+172%
Advertising & Promotion
$8,036
$18,555
+131%
Offices, Occupancy & IT
$311,995
$441,334
+41%
Interest
$176,250
$201,079
+14%
Depreciation
$671,944
$755,397
+12%
Other
$3,171,173
$5,153,456
+63%
Total Expenses
$10,604,690
$13,413,623
+26%
Net income
2023
2024
Change
Net income
-$727,528
-$642,972
+12%
Functional Expenses
Summary
2023
2024
Change
Program
$9,339,773
$11,910,878
+28%
Admin
$1,021,507
$1,243,897
+22%
Fundraising
$243,410
$258,848
+6%
Total Expenses
$10,604,690
$13,413,623
+26%
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