Somerset County Young Mens Christian Association Inc

Somerset County Young Mens Christian Association Inc

Basking Ridge, NJ, US
501(c)(3)
EIN
22-1559439

Somerset County Young Mens Christian Association Inc

Basking Ridge, NJ, US
501(c)(3)
EIN
22-1559439

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$25,049,838

Program Services
89%
Contributions
7%
Investments
2%
Government Grants
1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024

$24,313,179

Salaries & Benefits
58%
Offices, Occupancy & IT
10%
Depreciation
8%
Fees to Service Providers
8%
Other
8%
Grants
7%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,460,145
$1,729,388
+18%
Government Grants
$2,329,478
$344,530
-85%
Fundraising Events
$124,635
$25,262
-80%
Program Services
$18,970,875
$22,330,187
+18%
Membership Dues
$0
$0
-
Investments
$279,582
$382,517
+37%
Other
$30,461
$237,954
+681%
Total Revenues
$23,195,176
$25,049,838
+8%
Expenses
2023
2024
Change
Grants
$858,273
$1,648,682
+92%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,294,449
$14,099,457
+328%
Fees to Service Providers
$1,683,011
$1,969,835
+17%
Advertising & Promotion
$268,210
$227,428
-15%
Offices, Occupancy & IT
$2,237,498
$2,416,855
+8%
Interest
$49,215
$0
-100%
Depreciation
$1,723,295
$1,992,074
+16%
Other
$11,961,005
$1,958,848
-84%
Total Expenses
$22,074,956
$24,313,179
+10%
Net income
2023
2024
Change
Net income
+$1,120,220
+$736,659
-34%
Functional Expenses
Summary
2023
2024
Change
Program
$19,984,513
$22,256,609
+11%
Admin
$1,699,176
$1,733,723
+2%
Fundraising
$391,267
$322,847
-17%
Total Expenses
$22,074,956
$24,313,179
+10%
Income Statement
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