Northwest Ohio Classical Academy
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,253,382
Government Grants
94%
Contributions
2%
Other
2%
Investments
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,742,947
Salaries & Benefits
68%
Fees to Service Providers
16%
Interest
10%
Offices, Occupancy & IT
3%
Depreciation
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Other
0%
Revenues
2023
2024
Change
Contributions
$0
$111,784
-
Government Grants
$4,296,167
$4,932,385
+15%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$82,837
$98,524
+19%
Other
$87,931
$110,689
+26%
Total Revenues
$4,466,935
$5,253,382
+18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,259,708
$3,926,914
+20%
Fees to Service Providers
$812,209
$909,556
+12%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$0
$199,020
-
Interest
$1,049,995
$554,863
-47%
Depreciation
$135,568
$152,594
+13%
Other
$378,714
$0
-100%
Total Expenses
$5,636,194
$5,742,947
+2%
Net income
2023
2024
Change
Net income
-$1,169,259
-$489,565
+58%
Functional Expenses
Summary
2023
2024
Change
Program
$5,121,912
$4,836,470
-6%
Admin
$514,282
$906,477
+76%
Fundraising
$0
$0
-
Total Expenses
$5,636,194
$5,742,947
+2%
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