The COVID-19 pandemic had a great impact on changes in the macro environment of the world economy. The economic consequences caused by the COVID-19 pandemic are manifested through a drop in demand, since the number of consumers who are ready to purchase goods and services available in the global economy has significantly decreased. Thus, there was a visible impact on various sectors, including educational institutions. Namely, as a result of its creation, there are significant changes in education, which was first of all manifested in online classes, and which certainly entailed changes in the level and structure of income and expenses of educational institutions. This paper analyzes the impact of the pandemic on the revenues and expenses of the educational institution in Požega. At the beginning of the paper, a theoretical insight into the financial reporting of educational institutions was given. The empirical part of the paper analyzes in detail the level and structure of income and expenses of the educational institution in the period before and during the pandemic, based on which the most important conclusions about the impact of the pandemic on the income and expenses of this educational institution are drawn at the very end.