ST MARY DEVELOPMENT CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,834,606
Program Services
63%
Government Grants
27%
Investments
7%
Contributions
3%
Fundraising Events
<1%
Membership Dues
0%
Other
0%
Expenses in 2024
$4,777,399
Salaries & Benefits
48%
Other
35%
Fees to Service Providers
6%
Depreciation
4%
Offices, Occupancy & IT
3%
Interest
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$175,355
$184,044
+5%
Government Grants
$3,273,939
$1,842,718
-44%
Fundraising Events
$29,000
$30,250
+4%
Program Services
$1,302,630
$4,298,231
+230%
Membership Dues
$0
$0
-
Investments
$304,365
$479,363
+57%
Other
$0
$0
-
Total Revenues
$5,085,289
$6,834,606
+34%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,022,625
$2,301,391
+14%
Fees to Service Providers
$424,137
$299,733
-29%
Advertising & Promotion
$24,880
$4,025
-84%
Offices, Occupancy & IT
$132,323
$154,777
+17%
Interest
$246,538
$149,492
-39%
Depreciation
$243,955
$172,388
-29%
Other
$962,377
$1,695,593
+76%
Total Expenses
$4,056,835
$4,777,399
+18%
Net income
2023
2024
Change
Net income
+$1,028,454
+$2,057,207
+100%
Functional Expenses
Summary
2023
2024
Change
Program
$2,808,084
$3,550,432
+26%
Admin
$982,863
$1,067,325
+9%
Fundraising
$265,888
$159,642
-40%
Total Expenses
$4,056,835
$4,777,399
+18%
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