Swedish Covenant Health
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$607,452,110
Program Services
98%
Government Grants
2%
Other
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$540,523,306
Other
52%
Salaries & Benefits
33%
Fees to Service Providers
6%
Depreciation
4%
Offices, Occupancy & IT
2%
Interest
1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$25,740
$0
-100%
Government Grants
$4,075,462
$9,268,566
+127%
Fundraising Events
$0
$0
-
Program Services
$346,574,113
$595,876,939
+72%
Membership Dues
$0
$0
-
Investments
$67,561
$40,845
-40%
Other
$1,570,703
$2,265,760
+44%
Total Revenues
$352,313,579
$607,452,110
+72%
Expenses
2023
2024
Change
Grants
$984,124
$1,094,141
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$157,387,570
$179,505,106
+14%
Fees to Service Providers
$26,789,006
$34,655,330
+29%
Advertising & Promotion
$421,800
$170,431
-60%
Offices, Occupancy & IT
$10,294,125
$12,331,730
+20%
Interest
$5,914,555
$6,449,102
+9%
Depreciation
$20,705,199
$24,130,622
+17%
Other
$113,629,260
$282,186,844
+148%
Total Expenses
$336,125,639
$540,523,306
+61%
Net income
2023
2024
Change
Net income
+$16,187,940
+$66,928,804
+313%
Functional Expenses
Summary
2023
2024
Change
Program
$292,791,578
$517,685,174
+77%
Admin
$43,334,061
$22,838,132
-47%
Fundraising
$0
$0
-
Total Expenses
$336,125,639
$540,523,306
+61%
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