VIETNAMESE SOCIAL SERVICES OF MINNESOTA
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$961,880
Government Grants
80%
Contributions
16%
Program Services
4%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$829,897
Salaries & Benefits
51%
Fees to Service Providers
23%
Other
16%
Depreciation
4%
Offices, Occupancy & IT
3%
Interest
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$218,292
$158,181
-28%
Government Grants
$905,925
$768,019
-15%
Fundraising Events
$0
$0
-
Program Services
$61,781
$35,616
-42%
Membership Dues
$0
$0
-
Investments
$47
$64
+36%
Other
$0
$0
-
Total Revenues
$1,186,045
$961,880
-19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$436,889
$427,022
-2%
Fees to Service Providers
$221,423
$191,162
-14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$33,455
$28,902
-14%
Interest
$20,396
$14,453
-29%
Depreciation
$30,542
$31,953
+5%
Other
$198,571
$136,405
-31%
Total Expenses
$941,276
$829,897
-12%
Net income
2023
2024
Change
Net income
+$244,769
+$131,983
-46%
Functional Expenses
Summary
2023
2024
Change
Program
$785,476
$682,670
-13%
Admin
$130,399
$106,403
-18%
Fundraising
$25,401
$40,824
+61%
Total Expenses
$941,276
$829,897
-12%
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