MERCYFIRST
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$56,343,392
Program Services
98%
Contributions
1%
Fundraising Events
<1%
Other
<1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$57,198,345
Salaries & Benefits
67%
Other
18%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Depreciation
2%
Interest
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$334,997
$594,558
+77%
Government Grants
$30,021
$0
-100%
Fundraising Events
$109,006
$131,125
+20%
Program Services
$47,740,356
$55,462,084
+16%
Membership Dues
$0
$0
-
Investments
$18,097
$31,846
+76%
Other
$20,611
$123,779
+501%
Total Revenues
$48,253,088
$56,343,392
+17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$34,034,811
$38,089,453
+12%
Fees to Service Providers
$2,749,947
$4,165,219
+51%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,076,826
$2,966,981
-4%
Interest
$661,449
$749,377
+13%
Depreciation
$1,028,174
$934,586
-9%
Other
$11,586,122
$10,292,729
-11%
Total Expenses
$53,137,329
$57,198,345
+8%
Net income
2023
2024
Change
Net income
-$4,884,241
-$854,953
+82%
Functional Expenses
Summary
2023
2024
Change
Program
$42,432,056
$47,935,399
+13%
Admin
$10,369,442
$8,979,945
-13%
Fundraising
$335,831
$283,001
-16%
Total Expenses
$53,137,329
$57,198,345
+8%
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