Covenant HomeCare
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$25,365,135
Program Services
99%
Other
1%
Investments
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$25,992,501
Salaries & Benefits
77%
Other
12%
Fees to Service Providers
8%
Offices, Occupancy & IT
2%
Depreciation
<1%
Interest
<1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$22,464,549
$25,064,547
+12%
Membership Dues
$0
$0
-
Investments
$21,304
$466
-98%
Other
$315,119
$300,122
-5%
Total Revenues
$22,800,972
$25,365,135
+11%
Expenses
2023
2024
Change
Grants
$350
$100
-71%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,783,161
$19,944,442
+12%
Fees to Service Providers
$2,171,137
$2,122,881
-2%
Advertising & Promotion
$14,143
$2,326
-84%
Offices, Occupancy & IT
$464,884
$460,676
-1%
Interest
$15,515
$15,730
+1%
Depreciation
$303,541
$258,063
-15%
Other
$2,512,801
$3,188,283
+27%
Total Expenses
$23,265,532
$25,992,501
+12%
Net income
2023
2024
Change
Net income
-$464,560
-$627,366
-35%
Functional Expenses
Summary
2023
2024
Change
Program
$20,301,499
$23,183,603
+14%
Admin
$2,964,033
$2,808,898
-5%
Fundraising
$0
$0
-
Total Expenses
$23,265,532
$25,992,501
+12%
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