Hospice of the Red River Valley
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$48,078,567
Program Services
88%
Contributions
7%
Government Grants
2%
Investments
1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$43,283,038
Salaries & Benefits
49%
Fees to Service Providers
36%
Other
9%
Offices, Occupancy & IT
5%
Advertising & Promotion
1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,293,700
$3,296,209
-23%
Government Grants
$0
$1,106,376
-
Fundraising Events
$0
$0
-
Program Services
$37,275,516
$42,504,881
+14%
Membership Dues
$0
$0
-
Investments
$730,968
$697,125
-5%
Other
$446,086
$473,976
+6%
Total Revenues
$42,746,270
$48,078,567
+12%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$19,446,398
$21,037,440
+8%
Fees to Service Providers
$14,018,151
$15,532,589
+11%
Advertising & Promotion
$427,146
$540,859
+27%
Offices, Occupancy & IT
$1,758,000
$1,995,364
+14%
Interest
$38,745
$37,092
-4%
Depreciation
$417,667
$394,042
-6%
Other
$3,443,399
$3,745,652
+9%
Total Expenses
$39,549,506
$43,283,038
+9%
Net income
2023
2024
Change
Net income
+$3,196,764
+$4,795,529
+50%
Functional Expenses
Summary
2023
2024
Change
Program
$31,589,633
$34,511,635
+9%
Admin
$7,133,055
$7,836,008
+10%
Fundraising
$826,818
$935,395
+13%
Total Expenses
$39,549,506
$43,283,038
+9%
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