COVEY INC
COVEY INC
COVEY INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,515,409
Program Services
53%
Government Grants
22%
Contributions
14%
Other
9%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,115,573
Salaries & Benefits
68%
Other
12%
Offices, Occupancy & IT
12%
Depreciation
4%
Fees to Service Providers
3%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$213,042
$339,784
+59%
Government Grants
$236,788
$551,775
+133%
Fundraising Events
$0
$0
-
Program Services
$1,147,880
$1,340,804
+17%
Membership Dues
$0
$0
-
Investments
$59,975
$59,097
-1%
Other
$55,828
$223,949
+301%
Total Revenues
$1,713,513
$2,515,409
+47%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,248,245
$1,435,555
+15%
Fees to Service Providers
$60,889
$66,057
+8%
Advertising & Promotion
$2,889
$1,077
-63%
Offices, Occupancy & IT
$205,592
$249,268
+21%
Interest
$36,646
$23,717
-35%
Depreciation
$64,919
$78,031
+20%
Other
$272,575
$261,868
-4%
Total Expenses
$1,891,755
$2,115,573
+12%
Net income
2023
2024
Change
Net income
-$178,242
+$399,836
-324%
Functional Expenses
Summary
2023
2024
Change
Program
$1,476,279
$1,629,896
+10%
Admin
$402,890
$472,060
+17%
Fundraising
$12,586
$13,617
+8%
Total Expenses
$1,891,755
$2,115,573
+12%
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