SOMERSET HEALTH CARE FOUNDATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,103,018
Contributions
54%
Program Services
37%
Fundraising Events
6%
Investments
3%
Other
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$2,709,281
Grants
49%
Other
38%
Fees to Service Providers
12%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,426,243
$2,221,920
-8%
Government Grants
$0
$0
-
Fundraising Events
$276,954
$234,697
-15%
Program Services
$1,414,783
$1,514,038
+7%
Membership Dues
$0
$0
-
Investments
$97,877
$115,502
+18%
Other
-$2,645
$16,861
-737%
Total Revenues
$4,213,212
$4,103,018
-3%
Expenses
2023
2024
Change
Grants
$6,424,536
$1,329,992
-79%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$294,000
$318,500
+8%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$70,160
$41,526
-41%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$931,891
$1,019,263
+9%
Total Expenses
$7,720,587
$2,709,281
-65%
Net income
2023
2024
Change
Net income
-$3,507,375
+$1,393,737
-140%
Functional Expenses
Summary
2023
2024
Change
Program
$6,424,536
$1,329,992
-79%
Admin
$919,145
$648,315
-29%
Fundraising
$376,906
$730,974
+94%
Total Expenses
$7,720,587
$2,709,281
-65%
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