THE RICHSTONE CENTER INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,715,000
Contributions
43%
Government Grants
39%
Other
17%
Investments
1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,223,899
Salaries & Benefits
79%
Other
12%
Offices, Occupancy & IT
7%
Depreciation
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,241,569
$2,449,836
+9%
Government Grants
$1,282,216
$2,223,323
+73%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$49,369
$82,526
+67%
Other
$899,651
$959,315
+7%
Total Revenues
$4,472,805
$5,715,000
+28%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,746,545
$4,115,165
+10%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$7,562
$3,826
-49%
Offices, Occupancy & IT
$362,641
$370,344
+2%
Interest
$39
$0
-100%
Depreciation
$129,937
$129,938
+0%
Other
$616,996
$604,626
-2%
Total Expenses
$4,863,720
$5,223,899
+7%
Net income
2023
2024
Change
Net income
-$390,915
+$491,101
-226%
Functional Expenses
Summary
2023
2024
Change
Program
$3,866,944
$4,025,218
+4%
Admin
$687,554
$866,654
+26%
Fundraising
$309,222
$332,027
+7%
Total Expenses
$4,863,720
$5,223,899
+7%
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