SOMERCOR 504 INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$7,019,353
Program Services
88%
Investments
12%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$6,859,000
Salaries & Benefits
73%
Offices, Occupancy & IT
10%
Other
8%
Fees to Service Providers
7%
Advertising & Promotion
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,345,176
$0
-100%
Government Grants
$231,378
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$4,727,745
$6,149,714
+30%
Membership Dues
$0
$0
-
Investments
$719,441
$869,639
+21%
Other
$9,906
$0
-100%
Total Revenues
$7,033,646
$7,019,353
0%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,739,788
$5,038,104
+6%
Fees to Service Providers
$389,369
$455,420
+17%
Advertising & Promotion
$119,487
$114,391
-4%
Offices, Occupancy & IT
$646,095
$702,195
+9%
Interest
$0
$0
-
Depreciation
$31,300
$32,361
+3%
Other
$483,176
$516,529
+7%
Total Expenses
$6,409,215
$6,859,000
+7%
Net income
2023
2024
Change
Net income
+$624,431
+$160,353
-74%
Functional Expenses
Summary
2023
2024
Change
Program
$4,738,832
$5,416,948
+14%
Admin
$1,670,383
$1,442,052
-14%
Fundraising
$0
$0
-
Total Expenses
$6,409,215
$6,859,000
+7%
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