ANNAPOLIS LIFE CARE INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$26,935,559
Program Services
95%
Other
3%
Investments
3%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$31,582,965
Salaries & Benefits
43%
Other
21%
Depreciation
15%
Offices, Occupancy & IT
8%
Interest
6%
Fees to Service Providers
5%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$592
$0
-100%
Government Grants
$1,971,240
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$23,337,191
$25,503,964
+9%
Membership Dues
$0
$0
-
Investments
$635,616
$715,250
+13%
Other
$413,065
$716,345
+73%
Total Revenues
$26,357,704
$26,935,559
+2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,196,110
$13,640,963
+3%
Fees to Service Providers
$2,266,118
$1,689,414
-25%
Advertising & Promotion
$676,921
$630,656
-7%
Offices, Occupancy & IT
$3,024,997
$2,370,148
-22%
Interest
$1,745,183
$1,783,383
+2%
Depreciation
$4,162,419
$4,735,414
+14%
Other
$4,355,174
$6,732,987
+55%
Total Expenses
$29,426,922
$31,582,965
+7%
Net income
2023
2024
Change
Net income
-$3,069,218
-$4,647,406
-51%
Functional Expenses
Summary
2023
2024
Change
Program
$22,946,184
$26,917,810
+17%
Admin
$6,480,738
$4,665,155
-28%
Fundraising
$0
$0
-
Total Expenses
$29,426,922
$31,582,965
+7%
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