WELLSTAR FOUNDATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,680,800
Contributions
50%
Other
31%
Investments
13%
Fundraising Events
6%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$10,133,404
Salaries & Benefits
33%
Fees to Service Providers
26%
Grants
21%
Other
9%
Advertising & Promotion
8%
Offices, Occupancy & IT
2%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$10,655,229
$8,838,409
-17%
Government Grants
$37,375
$0
-100%
Fundraising Events
$1,204,586
$1,129,309
-6%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$804,275
$2,262,259
+181%
Other
$5,277,191
$5,450,823
+3%
Total Revenues
$17,978,656
$17,680,800
-2%
Expenses
2023
2024
Change
Grants
$3,915,089
$2,143,509
-45%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,959,088
$3,312,377
+12%
Fees to Service Providers
$2,961,504
$2,685,195
-9%
Advertising & Promotion
$232,164
$826,161
+256%
Offices, Occupancy & IT
$1,063,179
$208,543
-80%
Interest
$0
$0
-
Depreciation
$7,623
$7,623
+0%
Other
$182,471
$949,996
+421%
Total Expenses
$11,321,118
$10,133,404
-10%
Net income
2023
2024
Change
Net income
+$6,657,538
+$7,547,396
+13%
Functional Expenses
Summary
2023
2024
Change
Program
$5,902,181
$4,382,583
-26%
Admin
$2,654,209
$2,472,558
-7%
Fundraising
$2,764,728
$3,278,263
+19%
Total Expenses
$11,321,118
$10,133,404
-10%
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