Boys and Girls Club of Cabarrus County Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,626,709
Government Grants
41%
Contributions
35%
Program Services
10%
Investments
6%
Fundraising Events
6%
Other
3%
Membership Dues
0%
Expenses in 2024
$4,818,488
Salaries & Benefits
45%
Other
33%
Depreciation
10%
Offices, Occupancy & IT
10%
Fees to Service Providers
2%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,564,113
$1,621,645
+4%
Government Grants
$1,723,852
$1,892,609
+10%
Fundraising Events
$228,985
$254,492
+11%
Program Services
$350,529
$468,366
+34%
Membership Dues
$0
$0
-
Investments
$164,854
$272,629
+65%
Other
$504,457
$116,968
-77%
Total Revenues
$4,536,790
$4,626,709
+2%
Expenses
2023
2024
Change
Grants
$5,000
$10,750
+115%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,148,961
$2,169,164
+1%
Fees to Service Providers
$48,770
$98,724
+102%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$430,412
$471,149
+9%
Interest
$0
$0
-
Depreciation
$499,760
$497,494
0%
Other
$1,433,504
$1,571,207
+10%
Total Expenses
$4,566,407
$4,818,488
+6%
Net income
2023
2024
Change
Net income
-$29,617
-$191,779
-548%
Functional Expenses
Summary
2023
2024
Change
Program
$3,636,541
$4,039,534
+11%
Admin
$650,321
$483,944
-26%
Fundraising
$279,545
$295,010
+6%
Total Expenses
$4,566,407
$4,818,488
+6%
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