ARC OF GLOUCESTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$15,984,751
Government Grants
95%
Contributions
2%
Other
2%
Program Services
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$16,382,877
Salaries & Benefits
83%
Offices, Occupancy & IT
9%
Other
5%
Fees to Service Providers
3%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$333,419
$353,804
+6%
Government Grants
$14,437,308
$15,261,166
+6%
Fundraising Events
$0
$0
-
Program Services
$62,298
$87,630
+41%
Membership Dues
$0
$0
-
Investments
$10,031
$16,480
+64%
Other
$580,547
$265,671
-54%
Total Revenues
$15,423,603
$15,984,751
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,252,563
$13,540,797
+2%
Fees to Service Providers
$469,345
$410,187
-13%
Advertising & Promotion
$8,725
$7,632
-13%
Offices, Occupancy & IT
$1,517,054
$1,525,490
+1%
Interest
$36,242
$82,801
+128%
Depreciation
$330,140
$0
-100%
Other
$778,806
$815,970
+5%
Total Expenses
$16,392,875
$16,382,877
0%
Net income
2023
2024
Change
Net income
-$969,272
-$398,126
+59%
Functional Expenses
Summary
2023
2024
Change
Program
$12,994,470
$13,589,668
+5%
Admin
$3,398,405
$2,793,209
-18%
Fundraising
$0
$0
-
Total Expenses
$16,392,875
$16,382,877
0%
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