THE CHARLES ARMSTRONG SCHOOL
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$15,074,598
Program Services
88%
Contributions
7%
Investments
3%
Other
1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$15,520,227
Salaries & Benefits
72%
Grants
12%
Other
7%
Depreciation
3%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,310,488
$1,012,840
-23%
Government Grants
$0
$0
-
Fundraising Events
$99,972
$66,178
-34%
Program Services
$12,711,142
$13,322,401
+5%
Membership Dues
$0
$0
-
Investments
$353,713
$495,637
+40%
Other
$177,809
$177,542
0%
Total Revenues
$14,653,124
$15,074,598
+3%
Expenses
2023
2024
Change
Grants
$2,000,446
$1,871,520
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,239,463
$11,150,859
+9%
Fees to Service Providers
$385,622
$334,537
-13%
Advertising & Promotion
$58,752
$48,741
-17%
Offices, Occupancy & IT
$448,367
$460,513
+3%
Interest
$0
$0
-
Depreciation
$644,971
$515,910
-20%
Other
$1,132,369
$1,138,147
+1%
Total Expenses
$14,909,990
$15,520,227
+4%
Net income
2023
2024
Change
Net income
-$256,866
-$445,629
-73%
Functional Expenses
Summary
2023
2024
Change
Program
$11,295,320
$11,887,002
+5%
Admin
$2,952,900
$3,363,674
+14%
Fundraising
$661,770
$269,551
-59%
Total Expenses
$14,909,990
$15,520,227
+4%
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