Wellspring Living Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$16,183,363
Contributions
63%
Government Grants
22%
Program Services
7%
Other
5%
Investments
2%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$12,463,701
Salaries & Benefits
65%
Fees to Service Providers
14%
Other
8%
Offices, Occupancy & IT
7%
Grants
5%
Advertising & Promotion
1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$12,555,187
$10,271,947
-18%
Government Grants
$3,121,502
$3,586,032
+15%
Fundraising Events
$430,783
$73,562
-83%
Program Services
$1,368,403
$1,158,545
-15%
Membership Dues
$0
$0
-
Investments
$91,229
$250,261
+174%
Other
$638,742
$843,016
+32%
Total Revenues
$18,205,846
$16,183,363
-11%
Expenses
2023
2024
Change
Grants
$345,316
$624,151
+81%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,113,183
$8,069,599
+13%
Fees to Service Providers
$1,381,152
$1,716,749
+24%
Advertising & Promotion
$32,951
$130,163
+295%
Offices, Occupancy & IT
$779,284
$823,410
+6%
Interest
$0
$744
-
Depreciation
$90,027
$83,559
-7%
Other
$575,457
$1,015,326
+76%
Total Expenses
$10,317,370
$12,463,701
+21%
Net income
2023
2024
Change
Net income
+$7,888,476
+$3,719,662
-53%
Functional Expenses
Summary
2023
2024
Change
Program
$6,666,552
$8,746,202
+31%
Admin
$2,438,932
$2,869,471
+18%
Fundraising
$1,211,886
$848,028
-30%
Total Expenses
$10,317,370
$12,463,701
+21%
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