MARYLAND FAMILY NETWORK INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$37,670,438
Government Grants
96%
Contributions
4%
Investments
<1%
Fundraising Events
<1%
Program Services
<1%
Other
<1%
Membership Dues
<1%
Expenses in 2024
$37,437,986
Grants
73%
Salaries & Benefits
12%
Fees to Service Providers
10%
Other
2%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,826,702
$1,397,943
-63%
Government Grants
$29,770,823
$36,036,782
+21%
Fundraising Events
$0
$51,731
-
Program Services
$77,975
$38,561
-51%
Membership Dues
$1,575
$2,205
+40%
Investments
$7,339
$131,022
+1685%
Other
$162,360
$12,194
-92%
Total Revenues
$33,846,774
$37,670,438
+11%
Expenses
2023
2024
Change
Grants
$23,393,292
$27,346,388
+17%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,217,445
$4,657,742
+10%
Fees to Service Providers
$2,129,129
$3,733,618
+75%
Advertising & Promotion
$156,546
$98,916
-37%
Offices, Occupancy & IT
$979,405
$667,312
-32%
Interest
$4,395
$2,228
-49%
Depreciation
$0
$0
-
Other
$713,924
$931,782
+31%
Total Expenses
$31,594,136
$37,437,986
+18%
Net income
2023
2024
Change
Net income
+$2,252,638
+$232,452
-90%
Functional Expenses
Summary
2023
2024
Change
Program
$28,565,826
$34,424,220
+21%
Admin
$2,954,229
$2,982,544
+1%
Fundraising
$74,081
$31,222
-58%
Total Expenses
$31,594,136
$37,437,986
+18%
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