THE MCGILLIS SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$10,539,415
Program Services
90%
Contributions
5%
Investments
4%
Other
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$10,953,548
Salaries & Benefits
70%
Other
18%
Grants
6%
Depreciation
6%
Advertising & Promotion
<1%
Benefits to Members
0%
Fees to Service Providers
0%
Offices, Occupancy & IT
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,079,183
$548,857
-91%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$8,416,974
$9,436,235
+12%
Membership Dues
$0
$0
-
Investments
$111,014
$431,374
+289%
Other
$67,554
$122,949
+82%
Total Revenues
$14,674,725
$10,539,415
-28%
Expenses
2023
2024
Change
Grants
$576,338
$627,803
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,125,013
$7,714,028
+8%
Fees to Service Providers
$67,140
$0
-100%
Advertising & Promotion
$38,218
$57,149
+50%
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$0
-
Depreciation
$587,467
$615,933
+5%
Other
$1,706,202
$1,938,635
+14%
Total Expenses
$10,100,378
$10,953,548
+8%
Net income
2023
2024
Change
Net income
+$4,574,347
-$414,133
-109%
Functional Expenses
Summary
2023
2024
Change
Program
$7,128,479
$7,948,706
+12%
Admin
$2,286,937
$2,467,446
+8%
Fundraising
$684,962
$537,396
-22%
Total Expenses
$10,100,378
$10,953,548
+8%
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