SERVEMINNESOTA
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$72,879,903
Government Grants
92%
Program Services
4%
Contributions
4%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$72,265,719
Grants
92%
Salaries & Benefits
5%
Fees to Service Providers
2%
Other
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,418,659
$2,855,057
+18%
Government Grants
$51,867,332
$67,028,372
+29%
Fundraising Events
$0
$0
-
Program Services
$2,308,269
$2,941,042
+27%
Membership Dues
$0
$0
-
Investments
$30,169
$55,032
+82%
Other
$500
$400
-20%
Total Revenues
$56,624,929
$72,879,903
+29%
Expenses
2023
2024
Change
Grants
$51,080,193
$66,213,339
+30%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,701,711
$3,957,572
+7%
Fees to Service Providers
$1,588,885
$1,493,887
-6%
Advertising & Promotion
$10,632
$9,389
-12%
Offices, Occupancy & IT
$152,906
$292,632
+91%
Interest
$0
$0
-
Depreciation
$3,632
$1,178
-68%
Other
$235,283
$297,722
+27%
Total Expenses
$56,773,242
$72,265,719
+27%
Net income
2023
2024
Change
Net income
-$148,313
+$614,184
-514%
Functional Expenses
Summary
2023
2024
Change
Program
$55,188,283
$70,497,257
+28%
Admin
$992,434
$1,251,456
+26%
Fundraising
$592,525
$517,006
-13%
Total Expenses
$56,773,242
$72,265,719
+27%
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