SALEM COMMUNITY CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$26,620,822
Program Services
91%
Other
6%
Investments
3%
Contributions
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$26,938,007
Salaries & Benefits
41%
Other
22%
Depreciation
13%
Fees to Service Providers
9%
Offices, Occupancy & IT
8%
Interest
7%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$681,805
$65,512
-90%
Government Grants
$2,039,632
$0
-100%
Fundraising Events
$55,172
$62,027
+12%
Program Services
$22,195,328
$24,115,922
+9%
Membership Dues
$0
$0
-
Investments
$707,666
$807,076
+14%
Other
-$196,051
$1,570,285
-901%
Total Revenues
$25,483,552
$26,620,822
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,481,648
$10,958,847
+16%
Fees to Service Providers
$3,093,509
$2,456,364
-21%
Advertising & Promotion
$135,524
$56,334
-58%
Offices, Occupancy & IT
$2,057,975
$2,243,018
+9%
Interest
$1,913,794
$1,879,742
-2%
Depreciation
$3,264,200
$3,417,228
+5%
Other
$7,040,703
$5,926,474
-16%
Total Expenses
$26,987,353
$26,938,007
0%
Net income
2023
2024
Change
Net income
-$1,503,801
-$317,185
+79%
Functional Expenses
Summary
2023
2024
Change
Program
$23,857,393
$23,879,041
+0%
Admin
$3,129,960
$3,058,966
-2%
Fundraising
$0
$0
-
Total Expenses
$26,987,353
$26,938,007
0%
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