MENTAL HEALTH ASSOCIATION OF MARYLAND INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,048,803
Government Grants
48%
Contributions
28%
Program Services
23%
Investments
<1%
Membership Dues
<1%
Other
<1%
Fundraising Events
0%
Expenses in 2024
$5,793,320
Salaries & Benefits
66%
Offices, Occupancy & IT
11%
Other
10%
Fees to Service Providers
9%
Depreciation
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,286,264
$1,403,632
+9%
Government Grants
$2,111,162
$2,408,575
+14%
Fundraising Events
$0
$0
-
Program Services
$880,940
$1,171,972
+33%
Membership Dues
$14,400
$19,800
+38%
Investments
$59,382
$40,941
-31%
Other
-$117,046
$3,883
-103%
Total Revenues
$4,235,102
$5,048,803
+19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,374,990
$3,843,242
-12%
Fees to Service Providers
$739,055
$534,554
-28%
Advertising & Promotion
$48,771
$53,095
+9%
Offices, Occupancy & IT
$677,944
$638,970
-6%
Interest
$0
$0
-
Depreciation
$101,847
$117,349
+15%
Other
$452,274
$606,110
+34%
Total Expenses
$6,394,881
$5,793,320
-9%
Net income
2023
2024
Change
Net income
-$2,159,779
-$744,517
+66%
Functional Expenses
Summary
2023
2024
Change
Program
$5,545,531
$5,088,999
-8%
Admin
$760,480
$630,960
-17%
Fundraising
$88,870
$73,361
-17%
Total Expenses
$6,394,881
$5,793,320
-9%
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