GENESIS HEALTH SYSTEM
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$675,652,982
Program Services
97%
Other
2%
Investments
<1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$640,558,652
Salaries & Benefits
43%
Other
34%
Offices, Occupancy & IT
12%
Fees to Service Providers
8%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$101,440
$418,909
+313%
Government Grants
$2,434,527
$2,150,847
-12%
Fundraising Events
$0
$0
-
Program Services
$535,475,147
$655,406,468
+22%
Membership Dues
$0
$0
-
Investments
$15,341,168
$6,431,550
-58%
Other
$13,239,330
$11,245,208
-15%
Total Revenues
$566,591,612
$675,652,982
+19%
Expenses
2023
2024
Change
Grants
$41,183,593
$64,046
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$272,819,771
$275,914,210
+1%
Fees to Service Providers
$105,166,635
$52,922,425
-50%
Advertising & Promotion
$1,234,761
$1,043,564
-15%
Offices, Occupancy & IT
$42,917,832
$73,849,948
+72%
Interest
$4,023,858
$5,507,534
+37%
Depreciation
$24,655,739
$15,747,757
-36%
Other
$134,346,508
$215,509,168
+60%
Total Expenses
$626,348,697
$640,558,652
+2%
Net income
2023
2024
Change
Net income
-$59,757,085
+$35,094,330
-159%
Functional Expenses
Summary
2023
2024
Change
Program
$498,672,365
$569,315,419
+14%
Admin
$127,676,332
$71,243,233
-44%
Fundraising
$0
$0
-
Total Expenses
$626,348,697
$640,558,652
+2%
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