Elevate Academy
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$11,218,324
Government Grants
82%
Contributions
16%
Investments
1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$11,937,547
Salaries & Benefits
62%
Other
27%
Interest
6%
Depreciation
3%
Offices, Occupancy & IT
3%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$1,644,454
$1,848,058
+12%
Government Grants
$10,018,200
$9,230,545
-8%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$155,062
$139,721
-10%
Other
$0
$0
-
Total Revenues
$11,817,716
$11,218,324
-5%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,100,067
$7,387,340
+4%
Fees to Service Providers
$333
$0
-100%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$387,465
$302,017
-22%
Interest
$753,439
$661,174
-12%
Depreciation
$294,129
$330,792
+12%
Other
$2,155,845
$3,256,224
+51%
Total Expenses
$10,691,278
$11,937,547
+12%
Net income
2024
2025
Change
Net income
+$1,126,438
-$719,223
-164%
Functional Expenses
Summary
2024
2025
Change
Program
$9,886,745
$11,071,068
+12%
Admin
$804,533
$866,479
+8%
Fundraising
$0
$0
-
Total Expenses
$10,691,278
$11,937,547
+12%
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