CARES OF NY INC
Income Statement
Fiscal Year Start:
May 1
Revenues in 2024
$17,612,240
Government Grants
92%
Program Services
7%
Contributions
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$17,796,813
Grants
74%
Salaries & Benefits
21%
Other
3%
Depreciation
1%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$72,089
$126,634
+76%
Government Grants
$13,694,957
$16,242,589
+19%
Fundraising Events
$0
$0
-
Program Services
$1,205,313
$1,239,971
+3%
Membership Dues
$0
$0
-
Investments
$787
$3,046
+287%
Other
$0
$0
-
Total Revenues
$14,973,146
$17,612,240
+18%
Expenses
2023
2024
Change
Grants
$10,328,423
$13,101,341
+27%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,246,309
$3,682,184
+13%
Fees to Service Providers
$70,448
$124,837
+77%
Advertising & Promotion
$310
$0
-100%
Offices, Occupancy & IT
$55,357
$81,062
+46%
Interest
$431
$5,902
+1269%
Depreciation
$185,136
$230,661
+25%
Other
$523,498
$570,826
+9%
Total Expenses
$14,409,912
$17,796,813
+24%
Net income
2023
2024
Change
Net income
+$563,234
-$184,573
-133%
Functional Expenses
Summary
2023
2024
Change
Program
$13,998,582
$17,274,506
+23%
Admin
$411,330
$522,307
+27%
Fundraising
$0
$0
-
Total Expenses
$14,409,912
$17,796,813
+24%
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