Worksource Montgomery Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$18,980,630
Government Grants
96%
Contributions
3%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$18,824,815
Salaries & Benefits
51%
Other
24%
Grants
19%
Offices, Occupancy & IT
5%
Fees to Service Providers
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$657,309
-
Government Grants
$12,040,347
$18,196,708
+51%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$118,539
$126,613
+7%
Other
$0
$0
-
Total Revenues
$12,158,886
$18,980,630
+56%
Expenses
2023
2024
Change
Grants
$3,111,776
$3,559,210
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,853,863
$9,577,300
+149%
Fees to Service Providers
$86,673
$137,206
+58%
Advertising & Promotion
$67,825
$37,065
-45%
Offices, Occupancy & IT
$934,200
$933,670
0%
Interest
$34,865
$29,272
-16%
Depreciation
$37,951
$42,788
+13%
Other
$3,920,857
$4,508,304
+15%
Total Expenses
$12,048,010
$18,824,815
+56%
Net income
2023
2024
Change
Net income
+$110,876
+$155,815
+41%
Functional Expenses
Summary
2023
2024
Change
Program
$9,873,629
$16,104,004
+63%
Admin
$2,064,632
$2,645,213
+28%
Fundraising
$109,749
$75,598
-31%
Total Expenses
$12,048,010
$18,824,815
+56%
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