OLIVE TREE EARLY LEARNING ACADEMY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,046,065
Contributions
59%
Government Grants
22%
Program Services
18%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$1,775,199
Salaries & Benefits
60%
Depreciation
18%
Other
9%
Offices, Occupancy & IT
7%
Interest
5%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,703,050
$1,197,013
-30%
Government Grants
$168,804
$450,080
+167%
Fundraising Events
$0
$0
-
Program Services
$92,344
$373,496
+304%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$18,000
$25,476
+42%
Total Revenues
$1,982,198
$2,046,065
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$401,420
$1,059,685
+164%
Fees to Service Providers
$18,368
$29,893
+63%
Advertising & Promotion
$6,061
$2,838
-53%
Offices, Occupancy & IT
$109,755
$125,332
+14%
Interest
$21,800
$80,657
+270%
Depreciation
$91,304
$318,702
+249%
Other
$204,329
$158,092
-23%
Total Expenses
$853,037
$1,775,199
+108%
Net income
2023
2024
Change
Net income
+$1,129,161
+$270,866
-76%
Functional Expenses
Summary
2023
2024
Change
Program
$752,662
$1,515,714
+101%
Admin
$81,316
$229,442
+182%
Fundraising
$19,059
$30,043
+58%
Total Expenses
$853,037
$1,775,199
+108%
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