Merit Academy
Income Statement
Fiscal Year Start:
Jul 1
Data visualization unavailable
Revenues in 2024
$5,376,591
Program Services
N/A
Government Grants
N/A
Contributions
N/A
Fundraising Events
N/A
Investments
N/A
Membership Dues
N/A
Expenses in 2024
$6,820,950
Salaries & Benefits
84%
Other
15%
Interest
<1%
Offices, Occupancy & IT
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$388,272
$131,723
-66%
Government Grants
$535,365
$372,419
-30%
Fundraising Events
$16,331
$33,611
+106%
Program Services
$3,435,816
$4,839,597
+41%
Membership Dues
$0
$0
-
Investments
$24
$60
+150%
Other
$23,428
-$819
-103%
Total Revenues
$4,399,236
$5,376,591
+22%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,717,060
$5,755,348
+55%
Fees to Service Providers
$35,349
$9,555
-73%
Advertising & Promotion
$6,156
$6,141
0%
Offices, Occupancy & IT
$39,703
$15,869
-60%
Interest
$48,542
$31,020
-36%
Depreciation
$634,351
$0
-100%
Other
$1,300,515
$1,003,017
-23%
Total Expenses
$5,781,676
$6,820,950
+18%
Net income
2023
2024
Change
Net income
-$1,382,440
-$1,444,359
-4%
Functional Expenses
Summary
2023
2024
Change
Program
$5,096,203
$6,092,780
+20%
Admin
$685,473
$728,170
+6%
Fundraising
$0
$0
-
Total Expenses
$5,781,676
$6,820,950
+18%
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