BANGOR YOUNG MEN'S CHRISTIAN ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,862,517
Contributions
55%
Program Services
35%
Other
7%
Investments
2%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$7,168,901
Salaries & Benefits
60%
Fees to Service Providers
13%
Other
13%
Depreciation
6%
Offices, Occupancy & IT
6%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,530,578
$6,518,317
+85%
Government Grants
$0
$0
-
Fundraising Events
$77,150
$73,538
-5%
Program Services
$4,015,561
$4,177,199
+4%
Membership Dues
$0
$0
-
Investments
$136,793
$257,609
+88%
Other
$754,781
$835,854
+11%
Total Revenues
$8,514,863
$11,862,517
+39%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,953,588
$4,320,895
+9%
Fees to Service Providers
$823,415
$966,144
+17%
Advertising & Promotion
$41,820
$30,527
-27%
Offices, Occupancy & IT
$377,766
$419,525
+11%
Interest
$87,414
$84,447
-3%
Depreciation
$431,376
$450,490
+4%
Other
$823,680
$896,873
+9%
Total Expenses
$6,539,059
$7,168,901
+10%
Net income
2023
2024
Change
Net income
+$1,975,804
+$4,693,616
+138%
Functional Expenses
Summary
2023
2024
Change
Program
$4,805,210
$5,100,974
+6%
Admin
$1,178,175
$1,452,014
+23%
Fundraising
$555,674
$615,913
+11%
Total Expenses
$6,539,059
$7,168,901
+10%
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