Income Statement

Fiscal Year: 2025
Jul 1, 2024 – Jun 30, 2025
Revenues in 2025
$157,153,274
Program Services
43%
Government Grants
42%
Other
13%
Investments
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$96,745,816
Salaries & Benefits
30%
Depreciation
20%
Other
18%
Interest
16%
Offices, Occupancy & IT
13%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$0
$791,447
-
Government Grants
$46,301,281
$66,537,133
+44%
Fundraising Events
$0
$0
-
Program Services
$69,310,247
$67,463,039
-3%
Membership Dues
$0
$0
-
Investments
$1,465,887
$1,309,553
-11%
Other
$12,482,882
$21,052,102
+69%
Total Revenues
$129,560,297
$157,153,274
+21%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,602,358
$29,494,422
+3%
Fees to Service Providers
$2,444,485
$2,105,057
-14%
Advertising & Promotion
$191,699
$157,350
-18%
Offices, Occupancy & IT
$15,560,683
$12,644,615
-19%
Interest
$16,510,834
$15,210,986
-8%
Depreciation
$19,190,931
$19,266,184
+0%
Other
$18,176,221
$17,867,202
-2%
Total Expenses
$100,677,211
$96,745,816
-4%
Net income
2024
2025
Change
Net income
+$28,883,086
+$60,407,458
+109%
Functional Expenses
Summary
2024
2025
Change
Program
$78,414,709
$74,737,269
-5%
Admin
$22,262,502
$22,008,547
-1%
Fundraising
$0
$0
-
Total Expenses
$100,677,211
$96,745,816
-4%