Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025
$342,488,403
Government Grants
96%
Program Services
2%
Investments
<1%
Contributions
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$369,794,107
Salaries & Benefits
57%
Interest
13%
Fees to Service Providers
12%
Depreciation
9%
Other
7%
Offices, Occupancy & IT
3%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$31,000
$1,181,114
+3710%
Government Grants
$309,949,306
$330,448,031
+7%
Fundraising Events
$0
$0
-
Program Services
$9,420,136
$7,986,364
-15%
Membership Dues
$0
$0
-
Investments
$2,430,506
$2,714,188
+12%
Other
$187,026
$158,706
-15%
Total Revenues
$322,017,974
$342,488,403
+6%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$181,196,654
$209,481,969
+16%
Fees to Service Providers
$36,701,644
$46,159,697
+26%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$9,716,377
$11,059,730
+14%
Interest
$34,286,922
$46,539,358
+36%
Depreciation
$25,169,610
$31,689,964
+26%
Other
$27,996,369
$24,863,389
-11%
Total Expenses
$315,067,576
$369,794,107
+17%
Net income
2024
2025
Change
Net income
+$6,950,398
-$27,305,704
-493%
Functional Expenses
Summary
2024
2025
Change
Program
$270,258,270
$323,127,548
+20%
Admin
$42,630,187
$46,047,151
+8%
Fundraising
$2,179,119
$619,408
-72%
Total Expenses
$315,067,576
$369,794,107
+17%