Spectrum Academy
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$37,530,113
Government Grants
96%
Contributions
2%
Investments
1%
Program Services
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$36,847,415
Salaries & Benefits
82%
Other
6%
Interest
3%
Depreciation
3%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$664,326
$583,194
-12%
Government Grants
$34,853,847
$36,136,465
+4%
Fundraising Events
$0
$0
-
Program Services
$336,449
$194,237
-42%
Membership Dues
$0
$0
-
Investments
$552,753
$520,513
-6%
Other
$222,944
$95,704
-57%
Total Revenues
$36,630,319
$37,530,113
+2%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,882,932
$30,288,251
+5%
Fees to Service Providers
$879,322
$832,368
-5%
Advertising & Promotion
$18,036
$11,507
-36%
Offices, Occupancy & IT
$1,034,588
$953,504
-8%
Interest
$1,305,405
$1,271,700
-3%
Depreciation
$964,849
$1,169,402
+21%
Other
$2,228,739
$2,320,683
+4%
Total Expenses
$35,313,871
$36,847,415
+4%
Net income
2024
2025
Change
Net income
+$1,316,448
+$682,698
-48%
Functional Expenses
Summary
2024
2025
Change
Program
$30,654,097
$32,272,508
+5%
Admin
$4,659,774
$4,574,907
-2%
Fundraising
$0
$0
-
Total Expenses
$35,313,871
$36,847,415
+4%
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