GENESIS HEALTH SYSTEM
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$160,627,002
Program Services
96%
Other
3%
Government Grants
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$170,005,263
Salaries & Benefits
53%
Other
23%
Fees to Service Providers
18%
Offices, Occupancy & IT
5%
Depreciation
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$1,226,589
$524,250
-57%
Fundraising Events
$0
$0
-
Program Services
$146,080,423
$154,207,815
+6%
Membership Dues
$0
$0
-
Investments
$606,630
$326,741
-46%
Other
$1,763,273
$5,568,196
+216%
Total Revenues
$149,676,915
$160,627,002
+7%
Expenses
2023
2024
Change
Grants
$153,211
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$91,297,795
$90,172,180
-1%
Fees to Service Providers
$30,985,078
$30,130,892
-3%
Advertising & Promotion
$17,354
$5,967
-66%
Offices, Occupancy & IT
$12,334,277
$7,712,908
-37%
Interest
$0
$0
-
Depreciation
$3,609,543
$2,159,435
-40%
Other
$24,523,145
$39,823,881
+62%
Total Expenses
$162,920,403
$170,005,263
+4%
Net income
2023
2024
Change
Net income
-$13,243,488
-$9,378,261
+29%
Functional Expenses
Summary
2023
2024
Change
Program
$154,638,281
$166,857,699
+8%
Admin
$8,282,122
$3,147,564
-62%
Fundraising
$0
$0
-
Total Expenses
$162,920,403
$170,005,263
+4%
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