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Minnesota River Area Agency on Aging Inc

Minnesota River Area Agency on Aging Inc

Mankato, MN, US
501(c)3
EIN
26-1632413
Regional Funder
funder logo

Minnesota River Area Agency on Aging Inc

Mankato, MN, US
501(c)3
EIN
26-1632413
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$8,927,052

Government Grants
92%
Program Services
8%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$9,059,207

Grants
61%
Salaries & Benefits
33%
Offices, Occupancy & IT
3%
Fees to Service Providers
1%
Other
1%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$22,382
$0
-100%
Government Grants
$9,036,940
$8,181,596
-9%
Fundraising Events
$0
$0
-
Program Services
$88,997
$738,077
+729%
Membership Dues
$0
$0
-
Investments
$1,087
$7,379
+579%
Other
$0
$0
-
Total Revenues
$9,149,406
$8,927,052
-2%
Expenses
2023
2024
Change
Grants
$5,685,027
$5,506,856
-3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,863,740
$2,950,092
+3%
Fees to Service Providers
$169,389
$135,392
-20%
Advertising & Promotion
$14,706
$105,058
+614%
Offices, Occupancy & IT
$272,537
$231,096
-15%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$125,362
$130,713
+4%
Total Expenses
$9,130,761
$9,059,207
-1%
Net income
2023
2024
Change
Net income
+$18,645
-$132,155
-809%
Functional Expenses
Summary
2023
2024
Change
Program
$8,606,068
$8,550,676
-1%
Admin
$524,693
$508,531
-3%
Fundraising
$0
$0
-
Total Expenses
$9,130,761
$9,059,207
-1%
Income Statement
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