HARMEL ACADEMY OF THE TRADES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$840,854
Program Services
67%
Contributions
32%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$898,127
Salaries & Benefits
49%
Other
21%
Offices, Occupancy & IT
14%
Fees to Service Providers
7%
Grants
5%
Depreciation
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$870,572
$272,972
-69%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$492,292
$567,349
+15%
Membership Dues
$0
$0
-
Investments
$29
$51
+76%
Other
$116,713
$482
-100%
Total Revenues
$1,479,606
$840,854
-43%
Expenses
2023
2024
Change
Grants
$37,519
$41,387
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$612,928
$437,387
-29%
Fees to Service Providers
$104,876
$60,012
-43%
Advertising & Promotion
$21,216
$1,689
-92%
Offices, Occupancy & IT
$295,345
$128,444
-57%
Interest
$20,687
$14,160
-32%
Depreciation
$22,004
$22,004
+0%
Other
$279,090
$193,044
-31%
Total Expenses
$1,393,665
$898,127
-36%
Net income
2023
2024
Change
Net income
+$85,941
-$57,273
-167%
Functional Expenses
Summary
2023
2024
Change
Program
$952,683
$575,948
-40%
Admin
$302,174
$222,054
-27%
Fundraising
$138,808
$100,125
-28%
Total Expenses
$1,393,665
$898,127
-36%
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