CORNERSTONE MONTGOMERY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$31,924,886
Program Services
88%
Government Grants
9%
Other
2%
Contributions
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$34,567,560
Salaries & Benefits
77%
Other
10%
Offices, Occupancy & IT
8%
Depreciation
2%
Fees to Service Providers
2%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,410,763
$397,556
-95%
Government Grants
$1,512,892
$2,794,650
+85%
Fundraising Events
$0
$0
-
Program Services
$25,131,794
$27,969,064
+11%
Membership Dues
$0
$0
-
Investments
$94,089
$36,151
-62%
Other
$222,874
$727,465
+226%
Total Revenues
$34,372,412
$31,924,886
-7%
Expenses
2023
2024
Change
Grants
$321,301
$242,081
-25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$24,431,434
$26,772,304
+10%
Fees to Service Providers
$541,239
$568,212
+5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,342,721
$2,916,486
-13%
Interest
$0
$0
-
Depreciation
$763,030
$772,299
+1%
Other
$1,742,497
$3,296,178
+89%
Total Expenses
$31,142,222
$34,567,560
+11%
Net income
2023
2024
Change
Net income
+$3,230,190
-$2,642,674
-182%
Functional Expenses
Summary
2023
2024
Change
Program
$23,993,726
$26,634,681
+11%
Admin
$6,828,897
$7,727,641
+13%
Fundraising
$319,599
$205,238
-36%
Total Expenses
$31,142,222
$34,567,560
+11%
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