WELLSPRING INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,574,893
Program Services
44%
Government Grants
44%
Other
6%
Contributions
5%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$7,633,142
Salaries & Benefits
60%
Other
32%
Fees to Service Providers
3%
Offices, Occupancy & IT
2%
Depreciation
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$237,053
$370,764
+56%
Government Grants
$4,271,579
$3,318,520
-22%
Fundraising Events
$34,700
$30,000
-14%
Program Services
$3,124,128
$3,326,282
+6%
Membership Dues
$0
$0
-
Investments
$17,776
$45,177
+154%
Other
$111,635
$484,150
+334%
Total Revenues
$7,796,871
$7,574,893
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,181,207
$4,595,884
+10%
Fees to Service Providers
$480,931
$238,644
-50%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$169,807
$166,246
-2%
Interest
$18,167
$18,409
+1%
Depreciation
$164,712
$153,378
-7%
Other
$1,790,372
$2,460,581
+37%
Total Expenses
$6,805,196
$7,633,142
+12%
Net income
2023
2024
Change
Net income
+$991,675
-$58,249
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$5,968,837
$6,770,233
+13%
Admin
$615,530
$648,948
+5%
Fundraising
$220,829
$213,961
-3%
Total Expenses
$6,805,196
$7,633,142
+12%
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