SMITH ACADEMY FOR EXCELLENCE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,276,957
Contributions
62%
Government Grants
38%
Program Services
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$1,491,421
Fees to Service Providers
56%
Other
34%
Offices, Occupancy & IT
9%
Depreciation
1%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$535,659
$2,018,171
+277%
Government Grants
$1,064,025
$1,254,316
+18%
Fundraising Events
$0
$0
-
Program Services
$4,249
$3,018
-29%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$1,452
-
Total Revenues
$1,603,933
$3,276,957
+104%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$816,697
$835,528
+2%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$145,437
$128,815
-11%
Interest
$0
$0
-
Depreciation
$9,165
$20,212
+121%
Other
$204,708
$506,866
+148%
Total Expenses
$1,176,007
$1,491,421
+27%
Net income
2023
2024
Change
Net income
+$427,926
+$1,785,536
+317%
Functional Expenses
Summary
2023
2024
Change
Program
$516,425
$518,602
+0%
Admin
$659,582
$972,819
+47%
Fundraising
$0
$0
-
Total Expenses
$1,176,007
$1,491,421
+27%
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