BLACK HILLS WORKS INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$50,094,090
Program Services
95%
Contributions
2%
Government Grants
1%
Other
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$48,693,180
Salaries & Benefits
78%
Fees to Service Providers
10%
Offices, Occupancy & IT
5%
Other
4%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$932,865
$967,535
+4%
Government Grants
$104,147
$711,120
+583%
Fundraising Events
$0
$0
-
Program Services
$47,659,531
$47,593,063
0%
Membership Dues
$0
$0
-
Investments
$227,553
$280,820
+23%
Other
$483,315
$541,552
+12%
Total Revenues
$49,407,411
$50,094,090
+1%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$36,591,691
$37,922,702
+4%
Fees to Service Providers
$2,669,979
$4,914,577
+84%
Advertising & Promotion
$114,077
$77,741
-32%
Offices, Occupancy & IT
$2,313,053
$2,534,944
+10%
Interest
$0
$450
-
Depreciation
$1,086,359
$1,160,608
+7%
Other
$2,095,727
$2,082,158
-1%
Total Expenses
$44,870,886
$48,693,180
+9%
Net income
2024
2025
Change
Net income
+$4,536,525
+$1,400,910
-69%
Functional Expenses
Summary
2024
2025
Change
Program
$38,463,173
$41,442,783
+8%
Admin
$5,891,140
$6,662,670
+13%
Fundraising
$516,573
$587,727
+14%
Total Expenses
$44,870,886
$48,693,180
+9%
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