A healthy outlook
This year was a year of growth for Crofton House. Enrollment reached a new high of 889 students. Total revenues were $ 27.1 million, up from $ 25.6 million the prior year due to increased enrollment and donations received. Total expenses were $ 24.5 million, up from $ 20.8 million the prior year, mainly due to amortization, interest
Revenues – $ 27.1 m
Tuition Fees $ 17.3 m( 63.8 %)
Donations $ 5.6 m( 20.7 %)
Government Grant $ 2.5 m( 9.2 %)
Alumnae Assoc. & PA Assoc. $ 0.6 m( 2.2 %)
Entrance & Application Fees $ 0.5 m( 1.8 %)
Miscellaneous $ 0.4 m( 1.5 %)
Contributions Toward Scholarships & Bursaries $ 0.2 m( 0.8 %)
Expenses – $ 24.5 m
Salaries & Benefits $ 14.2 m( 58.0 %)
Amortization $ 2.5 m( 10.2 %)
Building & Grounds $ 1.5 m( 6.1 %)
Administration $ 1.3 m( 5.3 %)
Advancement & Cost of Fundraising $ 1.3 m( 5.3 %)
Teaching Supplies $ 1.1 m( 4.5 %)
Community Dining $ 1.1 m( 4.5 %)
Alumnae Assoc. & PA Assoc. $ 0.4 m( 1.6 %)
Interest $ 0.4 m( 1.6 %)
Miscellaneous $ 0.4 m( 1.6 %)
Scholarships & Bursaries $ 0.3 m( 1.3 %)