THE OPEN HEARTH ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,531,604
Government Grants
61%
Contributions
26%
Program Services
4%
Investments
4%
Other
4%
Fundraising Events
2%
Membership Dues
0%
Expenses in 2024
$3,318,922
Salaries & Benefits
59%
Other
19%
Offices, Occupancy & IT
12%
Depreciation
6%
Fees to Service Providers
3%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$481,849
$907,147
+88%
Government Grants
$1,831,199
$2,144,888
+17%
Fundraising Events
$73,698
$85,745
+16%
Program Services
$119,634
$140,041
+17%
Membership Dues
$0
$0
-
Investments
$86,358
$128,906
+49%
Other
$32,288
$124,877
+287%
Total Revenues
$2,625,026
$3,531,604
+35%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,768,551
$1,962,088
+11%
Fees to Service Providers
$104,049
$115,569
+11%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$357,841
$386,348
+8%
Interest
$309
$364
+18%
Depreciation
$204,909
$210,080
+3%
Other
$595,700
$644,473
+8%
Total Expenses
$3,031,359
$3,318,922
+9%
Net income
2023
2024
Change
Net income
-$406,333
+$212,682
-152%
Functional Expenses
Summary
2023
2024
Change
Program
$2,479,201
$2,719,928
+10%
Admin
$508,518
$547,880
+8%
Fundraising
$43,640
$51,114
+17%
Total Expenses
$3,031,359
$3,318,922
+9%
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