THE COUNCIL ON AGING OF MARTIN COUNTY INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,689,875
Program Services
39%
Government Grants
32%
Contributions
21%
Other
4%
Fundraising Events
2%
Investments
2%
Membership Dues
0%
Expenses in 2024
$7,062,987
Salaries & Benefits
55%
Other
31%
Depreciation
5%
Offices, Occupancy & IT
4%
Fees to Service Providers
4%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,049,570
$1,617,060
+54%
Government Grants
$2,073,488
$2,462,758
+19%
Fundraising Events
$135,322
$179,250
+32%
Program Services
$2,721,488
$3,006,314
+10%
Membership Dues
$0
$0
-
Investments
$104,546
$130,823
+25%
Other
$53,347
$293,670
+450%
Total Revenues
$6,137,761
$7,689,875
+25%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,633,739
$3,881,810
+7%
Fees to Service Providers
$188,244
$277,301
+47%
Advertising & Promotion
$65,567
$36,369
-45%
Offices, Occupancy & IT
$246,143
$283,767
+15%
Interest
$30,929
$35,638
+15%
Depreciation
$376,728
$342,228
-9%
Other
$1,958,333
$2,205,874
+13%
Total Expenses
$6,499,683
$7,062,987
+9%
Net income
2023
2024
Change
Net income
-$361,922
+$626,888
-273%
Functional Expenses
Summary
2023
2024
Change
Program
$5,516,708
$6,054,461
+10%
Admin
$774,433
$785,238
+1%
Fundraising
$208,542
$223,288
+7%
Total Expenses
$6,499,683
$7,062,987
+9%
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