MONMOUTH CARES INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$13,083,775
Program Services
93%
Government Grants
7%
Investments
<1%
Other
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$13,558,514
Salaries & Benefits
83%
Offices, Occupancy & IT
9%
Grants
3%
Other
3%
Fees to Service Providers
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,577
$3,250
-29%
Government Grants
$2,691,523
$858,972
-68%
Fundraising Events
$0
$0
-
Program Services
$11,856,387
$12,119,072
+2%
Membership Dues
$0
$0
-
Investments
$111,916
$85,349
-24%
Other
$0
$17,132
-
Total Revenues
$14,664,403
$13,083,775
-11%
Expenses
2023
2024
Change
Grants
$445,892
$460,394
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,087,860
$11,270,601
+2%
Fees to Service Providers
$293,446
$140,041
-52%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$965,320
$1,172,153
+21%
Interest
$0
$0
-
Depreciation
$88,265
$73,721
-16%
Other
$352,017
$441,604
+25%
Total Expenses
$13,232,800
$13,558,514
+2%
Net income
2023
2024
Change
Net income
+$1,431,603
-$474,739
-133%
Functional Expenses
Summary
2023
2024
Change
Program
$12,386,737
$12,730,640
+3%
Admin
$846,063
$827,874
-2%
Fundraising
$0
$0
-
Total Expenses
$13,232,800
$13,558,514
+2%
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