ACADEMY FOUNDATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$88,024,792
Other
66%
Contributions
34%
Government Grants
<1%
Program Services
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$92,918,611
Grants
94%
Salaries & Benefits
4%
Offices, Occupancy & IT
<1%
Other
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$17,117,679
$29,987,999
+75%
Government Grants
$191,403
$181,926
-5%
Fundraising Events
$0
$0
-
Program Services
$0
$2,500
-
Membership Dues
$0
$0
-
Investments
$258
$325
+26%
Other
$61,342,726
$57,852,042
-6%
Total Revenues
$78,652,066
$88,024,792
+12%
Expenses
2023
2024
Change
Grants
$87,524,471
$87,555,561
+0%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,553,912
$3,307,261
-7%
Fees to Service Providers
$25,000
$263,965
+956%
Advertising & Promotion
$145,480
$177,862
+22%
Offices, Occupancy & IT
$729,860
$811,998
+11%
Interest
$0
$0
-
Depreciation
$754
$61
-92%
Other
$574,847
$801,903
+39%
Total Expenses
$92,554,324
$92,918,611
+0%
Net income
2023
2024
Change
Net income
-$13,902,258
-$4,893,819
+65%
Functional Expenses
Summary
2023
2024
Change
Program
$91,277,549
$91,621,333
+0%
Admin
$1,276,775
$1,297,278
+2%
Fundraising
$0
$0
-
Total Expenses
$92,554,324
$92,918,611
+0%
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