WELLMORE INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$25,457,608
Government Grants
73%
Program Services
23%
Other
1%
Contributions
1%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$23,860,389
Salaries & Benefits
78%
Offices, Occupancy & IT
10%
Other
5%
Fees to Service Providers
3%
Depreciation
2%
Advertising & Promotion
1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$277,211
$289,212
+4%
Government Grants
$15,052,340
$18,667,266
+24%
Fundraising Events
$102,460
$109,292
+7%
Program Services
$5,209,959
$5,873,787
+13%
Membership Dues
$0
$0
-
Investments
$43,783
$220,753
+404%
Other
-$119,574
$297,298
-349%
Total Revenues
$20,566,179
$25,457,608
+24%
Expenses
2023
2024
Change
Grants
$28,212
$40,619
+44%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,268,254
$18,703,991
+23%
Fees to Service Providers
$1,008,566
$739,453
-27%
Advertising & Promotion
$154,075
$290,630
+89%
Offices, Occupancy & IT
$1,600,945
$2,403,808
+50%
Interest
$74,707
$65,548
-12%
Depreciation
$474,112
$510,462
+8%
Other
$1,301,051
$1,105,878
-15%
Total Expenses
$19,909,922
$23,860,389
+20%
Net income
2023
2024
Change
Net income
+$656,257
+$1,597,219
+143%
Functional Expenses
Summary
2023
2024
Change
Program
$16,941,118
$20,742,728
+22%
Admin
$2,785,210
$2,955,664
+6%
Fundraising
$183,594
$161,997
-12%
Total Expenses
$19,909,922
$23,860,389
+20%
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