Westminster Christian Academy
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,412,319
Program Services
77%
Government Grants
17%
Contributions
5%
Other
<1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$10,051,008
Salaries & Benefits
46%
Other
16%
Offices, Occupancy & IT
16%
Depreciation
10%
Grants
8%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$518,215
$565,776
+9%
Government Grants
$0
$2,151,320
-
Fundraising Events
$19,560
$32,575
+67%
Program Services
$8,948,741
$9,498,839
+6%
Membership Dues
$0
$0
-
Investments
$25,150
$56,152
+123%
Other
$31,959
$107,657
+237%
Total Revenues
$9,543,625
$12,412,319
+30%
Expenses
2023
2024
Change
Grants
$853,695
$830,477
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,463,367
$4,665,054
+5%
Fees to Service Providers
$101,400
$206,691
+104%
Advertising & Promotion
$33,289
$18,772
-44%
Offices, Occupancy & IT
$1,233,545
$1,597,900
+30%
Interest
$60,357
$158,733
+163%
Depreciation
$700,338
$962,660
+37%
Other
$1,797,661
$1,610,721
-10%
Total Expenses
$9,243,652
$10,051,008
+9%
Net income
2023
2024
Change
Net income
+$299,973
+$2,361,311
+687%
Functional Expenses
Summary
2023
2024
Change
Program
$7,958,765
$8,482,098
+7%
Admin
$1,220,126
$1,506,966
+24%
Fundraising
$64,761
$61,944
-4%
Total Expenses
$9,243,652
$10,051,008
+9%
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