REACH ACADEMY CHARTER SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,102,173
Program Services
89%
Government Grants
7%
Contributions
3%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,880,548
Salaries & Benefits
74%
Other
11%
Offices, Occupancy & IT
8%
Depreciation
3%
Interest
2%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$168,054
$415,563
+147%
Government Grants
$2,556,990
$858,121
-66%
Fundraising Events
$0
$0
-
Program Services
$8,270,935
$10,763,939
+30%
Membership Dues
$0
$0
-
Investments
$6,410
$43,873
+584%
Other
$16,891
$20,677
+22%
Total Revenues
$11,019,280
$12,102,173
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,369,985
$9,555,126
+30%
Fees to Service Providers
$311,634
$206,389
-34%
Advertising & Promotion
$63,071
$100,594
+59%
Offices, Occupancy & IT
$969,798
$975,099
+1%
Interest
$17,744
$267,846
+1410%
Depreciation
$216,582
$409,747
+89%
Other
$752,219
$1,365,747
+82%
Total Expenses
$9,701,033
$12,880,548
+33%
Net income
2023
2024
Change
Net income
+$1,318,247
-$778,375
-159%
Functional Expenses
Summary
2023
2024
Change
Program
$8,422,187
$11,127,939
+32%
Admin
$1,278,846
$1,752,609
+37%
Fundraising
$0
$0
-
Total Expenses
$9,701,033
$12,880,548
+33%
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