COLORADO ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$54,265,353
Program Services
79%
Contributions
7%
Government Grants
6%
Investments
6%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$47,474,221
Salaries & Benefits
63%
Other
14%
Grants
8%
Depreciation
6%
Offices, Occupancy & IT
5%
Advertising & Promotion
1%
Fees to Service Providers
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,127,305
$3,946,564
-36%
Government Grants
$0
$3,419,214
-
Fundraising Events
$661,228
$314,958
-52%
Program Services
$38,350,135
$42,746,326
+11%
Membership Dues
$0
$0
-
Investments
$1,881,761
$3,303,600
+76%
Other
$6,167,668
$534,691
-91%
Total Revenues
$53,188,097
$54,265,353
+2%
Expenses
2023
2024
Change
Grants
$3,510,948
$3,907,247
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,296,261
$30,002,793
+23%
Fees to Service Providers
$450,287
$548,790
+22%
Advertising & Promotion
$842,486
$675,440
-20%
Offices, Occupancy & IT
$4,187,091
$2,608,566
-38%
Interest
$0
$0
-
Depreciation
$2,810,429
$2,961,333
+5%
Other
$6,512,512
$6,770,052
+4%
Total Expenses
$42,610,014
$47,474,221
+11%
Net income
2023
2024
Change
Net income
+$10,578,083
+$6,791,132
-36%
Functional Expenses
Summary
2023
2024
Change
Program
$35,414,400
$40,296,123
+14%
Admin
$5,582,255
$5,707,464
+2%
Fundraising
$1,613,359
$1,470,634
-9%
Total Expenses
$42,610,014
$47,474,221
+11%
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