CLASSICAL ACADEMY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$41,982,250
Program Services
90%
Government Grants
5%
Investments
3%
Contributions
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$41,313,788
Salaries & Benefits
69%
Offices, Occupancy & IT
10%
Other
9%
Depreciation
7%
Interest
4%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$525,315
$696,394
+33%
Government Grants
$3,111,761
$1,938,941
-38%
Fundraising Events
$0
$0
-
Program Services
$33,675,284
$37,882,415
+12%
Membership Dues
$0
$0
-
Investments
$769,674
$1,441,370
+87%
Other
$93,536
$23,130
-75%
Total Revenues
$38,175,570
$41,982,250
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$26,234,276
$28,519,162
+9%
Fees to Service Providers
$95,507
$109,115
+14%
Advertising & Promotion
$19,691
$50,938
+159%
Offices, Occupancy & IT
$2,951,759
$3,932,187
+33%
Interest
$1,845,651
$1,781,124
-3%
Depreciation
$2,978,003
$3,081,098
+3%
Other
$2,796,894
$3,840,164
+37%
Total Expenses
$36,921,781
$41,313,788
+12%
Net income
2023
2024
Change
Net income
+$1,253,789
+$668,462
-47%
Functional Expenses
Summary
2023
2024
Change
Program
$23,146,273
$27,567,429
+19%
Admin
$13,319,339
$13,330,346
+0%
Fundraising
$456,169
$416,013
-9%
Total Expenses
$36,921,781
$41,313,788
+12%
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