FUTURO ACADEMY INCORPORATED
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,889,569
Government Grants
98%
Contributions
2%
Other
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$7,470,971
Salaries & Benefits
58%
Offices, Occupancy & IT
15%
Depreciation
9%
Fees to Service Providers
8%
Other
6%
Interest
4%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$106,368
$124,177
+17%
Government Grants
$5,199,717
$6,725,964
+29%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$54,831
$39,428
-28%
Total Revenues
$5,360,916
$6,889,569
+29%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,684,313
$4,360,144
+18%
Fees to Service Providers
$438,877
$573,648
+31%
Advertising & Promotion
$7,467
$4,459
-40%
Offices, Occupancy & IT
$712,479
$1,120,222
+57%
Interest
$309,364
$296,333
-4%
Depreciation
$636,590
$636,858
+0%
Other
$463,855
$479,307
+3%
Total Expenses
$6,252,945
$7,470,971
+19%
Net income
2023
2024
Change
Net income
-$892,029
-$581,402
+35%
Functional Expenses
Summary
2023
2024
Change
Program
$5,150,478
$6,252,641
+21%
Admin
$1,102,467
$1,218,330
+11%
Fundraising
$0
$0
-
Total Expenses
$6,252,945
$7,470,971
+19%
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