Grace Medical Home Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,357,545
Contributions
76%
Government Grants
11%
Other
9%
Program Services
2%
Fundraising Events
1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$5,601,380
Salaries & Benefits
56%
Other
27%
Offices, Occupancy & IT
7%
Grants
6%
Fees to Service Providers
3%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,013,684
$4,052,345
-19%
Government Grants
$509,236
$571,628
+12%
Fundraising Events
$163,252
$65,800
-60%
Program Services
$138,381
$127,015
-8%
Membership Dues
$0
$0
-
Investments
$40,827
$39,428
-3%
Other
$313,669
$501,329
+60%
Total Revenues
$6,179,049
$5,357,545
-13%
Expenses
2023
2024
Change
Grants
$1,364,670
$323,098
-76%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,930,995
$3,132,114
+7%
Fees to Service Providers
$162,191
$162,199
+0%
Advertising & Promotion
$6,669
$3,079
-54%
Offices, Occupancy & IT
$195,728
$384,340
+96%
Interest
$0
$0
-
Depreciation
$55,097
$74,036
+34%
Other
$1,632,068
$1,522,514
-7%
Total Expenses
$6,347,418
$5,601,380
-12%
Net income
2023
2024
Change
Net income
-$168,369
-$243,835
-45%
Functional Expenses
Summary
2023
2024
Change
Program
$5,847,485
$5,035,768
-14%
Admin
$208,365
$250,259
+20%
Fundraising
$291,568
$315,353
+8%
Total Expenses
$6,347,418
$5,601,380
-12%
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