MATER ACADEMY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$314,383,862
Government Grants
90%
Program Services
6%
Investments
3%
Other
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$245,362,459
Salaries & Benefits
50%
Other
24%
Offices, Occupancy & IT
15%
Fees to Service Providers
6%
Depreciation
3%
Grants
1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$395,188
$261,159
-34%
Government Grants
$207,157,684
$282,756,488
+36%
Fundraising Events
$0
$0
-
Program Services
$14,700,692
$19,323,746
+31%
Membership Dues
$0
$0
-
Investments
$2,074,441
$10,042,540
+384%
Other
$3,069,644
$1,999,929
-35%
Total Revenues
$227,397,649
$314,383,862
+38%
Expenses
2023
2024
Change
Grants
$1,051,342
$3,339,868
+218%
Benefits to Members
$0
$0
-
Salaries & Benefits
$101,503,717
$122,115,113
+20%
Fees to Service Providers
$15,469,812
$15,713,730
+2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$33,964,478
$37,295,737
+10%
Interest
$202,637
$96,119
-53%
Depreciation
$5,365,913
$7,985,962
+49%
Other
$50,737,802
$58,815,930
+16%
Total Expenses
$208,295,701
$245,362,459
+18%
Net income
2023
2024
Change
Net income
+$19,101,948
+$69,021,403
+261%
Functional Expenses
Summary
2023
2024
Change
Program
$186,399,616
$220,757,617
+18%
Admin
$21,896,085
$24,604,842
+12%
Fundraising
$0
$0
-
Total Expenses
$208,295,701
$245,362,459
+18%
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