GENESIS HEALTHCARE SYSTEM
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$759,908,584
Program Services
87%
Other
13%
Investments
<1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$662,821,713
Other
42%
Salaries & Benefits
37%
Fees to Service Providers
11%
Depreciation
4%
Offices, Occupancy & IT
3%
Interest
2%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$7,500
$7,586
+1%
Government Grants
$18,528,240
$1,398,718
-92%
Fundraising Events
$0
$0
-
Program Services
$586,584,271
$657,399,061
+12%
Membership Dues
$0
$0
-
Investments
$3,718,791
$4,429,911
+19%
Other
$60,517,413
$96,673,308
+60%
Total Revenues
$669,356,215
$759,908,584
+14%
Expenses
2023
2024
Change
Grants
$718,365
$572,423
-20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$237,791,185
$248,265,468
+4%
Fees to Service Providers
$75,450,387
$73,331,541
-3%
Advertising & Promotion
$1,216,288
$998,859
-18%
Offices, Occupancy & IT
$17,772,996
$21,533,108
+21%
Interest
$14,746,990
$14,638,990
-1%
Depreciation
$22,575,733
$23,254,571
+3%
Other
$232,607,939
$280,226,753
+20%
Total Expenses
$602,879,883
$662,821,713
+10%
Net income
2023
2024
Change
Net income
+$66,476,332
+$97,086,871
+46%
Functional Expenses
Summary
2023
2024
Change
Program
$402,931,027
$520,594,877
+29%
Admin
$199,948,856
$142,226,836
-29%
Fundraising
$0
$0
-
Total Expenses
$602,879,883
$662,821,713
+10%
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