THE PRESBYTERIAN HOME AT CHARLOTTE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$42,177,812
Program Services
96%
Investments
4%
Contributions
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$41,504,221
Salaries & Benefits
42%
Depreciation
18%
Other
17%
Interest
9%
Offices, Occupancy & IT
7%
Grants
6%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,067,019
$293,260
-86%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$33,720,267
$40,288,562
+19%
Membership Dues
$0
$0
-
Investments
$1,074,641
$1,481,975
+38%
Other
-$75
$114,015
-152120%
Total Revenues
$36,861,852
$42,177,812
+14%
Expenses
2023
2024
Change
Grants
$1,748,116
$2,618,284
+50%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,344,248
$17,318,492
+13%
Fees to Service Providers
$416,818
$499,516
+20%
Advertising & Promotion
$428,088
$321,762
-25%
Offices, Occupancy & IT
$2,538,540
$2,730,300
+8%
Interest
$2,571,263
$3,618,670
+41%
Depreciation
$5,733,065
$7,444,172
+30%
Other
$6,994,112
$6,953,025
-1%
Total Expenses
$35,774,250
$41,504,221
+16%
Net income
2023
2024
Change
Net income
+$1,087,602
+$673,591
-38%
Functional Expenses
Summary
2023
2024
Change
Program
$34,171,591
$39,701,783
+16%
Admin
$1,504,125
$1,649,375
+10%
Fundraising
$98,534
$153,063
+55%
Total Expenses
$35,774,250
$41,504,221
+16%
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