MAGNOLIA CLUBHOUSE INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,074,470
Program Services
58%
Government Grants
25%
Contributions
13%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$3,140,273
Salaries & Benefits
62%
Other
26%
Offices, Occupancy & IT
5%
Depreciation
5%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$178,965
$550,000
+207%
Government Grants
$1,163,559
$1,032,542
-11%
Fundraising Events
$0
$0
-
Program Services
$1,737,169
$2,377,182
+37%
Membership Dues
$0
$0
-
Investments
$339,136
$114,746
-66%
Other
$31,934
$0
-100%
Total Revenues
$3,450,763
$4,074,470
+18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,967,522
$1,944,692
-1%
Fees to Service Providers
$183,481
$46,115
-75%
Advertising & Promotion
$11,510
$24,493
+113%
Offices, Occupancy & IT
$53,342
$153,835
+188%
Interest
$0
$0
-
Depreciation
$137,461
$147,495
+7%
Other
$458,728
$823,643
+80%
Total Expenses
$2,812,044
$3,140,273
+12%
Net income
2023
2024
Change
Net income
+$638,719
+$934,197
+46%
Functional Expenses
Summary
2023
2024
Change
Program
$2,252,388
$2,538,513
+13%
Admin
$397,980
$356,959
-10%
Fundraising
$161,676
$244,801
+51%
Total Expenses
$2,812,044
$3,140,273
+12%
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