ANNAPOLIS CHRISTIAN ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,640,979
Program Services
72%
Contributions
15%
Fundraising Events
7%
Other
4%
Government Grants
2%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$3,752,265
Salaries & Benefits
66%
Offices, Occupancy & IT
16%
Other
16%
Depreciation
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$629,711
$546,031
-13%
Government Grants
$0
$73,277
-
Fundraising Events
$378,866
$251,046
-34%
Program Services
$2,435,429
$2,617,375
+7%
Membership Dues
$0
$0
-
Investments
$0
$8,596
-
Other
$1,001,416
$144,654
-86%
Total Revenues
$4,445,422
$3,640,979
-18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,262,677
$2,480,499
+10%
Fees to Service Providers
$9,307
$19,435
+109%
Advertising & Promotion
$70,632
$12,795
-82%
Offices, Occupancy & IT
$564,296
$617,313
+9%
Interest
$0
$0
-
Depreciation
$52,432
$26,031
-50%
Other
$690,267
$596,192
-14%
Total Expenses
$3,649,611
$3,752,265
+3%
Net income
2023
2024
Change
Net income
+$795,811
-$111,286
-114%
Functional Expenses
Summary
2023
2024
Change
Program
$2,863,803
$2,922,210
+2%
Admin
$694,467
$784,603
+13%
Fundraising
$91,341
$45,452
-50%
Total Expenses
$3,649,611
$3,752,265
+3%
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