PALMER HOME FOR CHILDREN
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,773,938
Contributions
83%
Fundraising Events
14%
Investments
2%
Other
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$6,306,059
Salaries & Benefits
53%
Other
19%
Offices, Occupancy & IT
10%
Depreciation
9%
Fees to Service Providers
8%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,846,676
$4,810,269
-1%
Government Grants
$0
$0
-
Fundraising Events
$873,911
$803,235
-8%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$92,218
$137,513
+49%
Other
$93,381
$22,921
-75%
Total Revenues
$5,906,186
$5,773,938
-2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,257,605
$3,361,311
+3%
Fees to Service Providers
$490,802
$504,353
+3%
Advertising & Promotion
$75,352
$51,409
-32%
Offices, Occupancy & IT
$736,033
$607,135
-18%
Interest
$0
$0
-
Depreciation
$359,932
$559,411
+55%
Other
$1,203,448
$1,222,440
+2%
Total Expenses
$6,123,172
$6,306,059
+3%
Net income
2023
2024
Change
Net income
-$216,986
-$532,121
-145%
Functional Expenses
Summary
2023
2024
Change
Program
$3,887,366
$4,053,137
+4%
Admin
$1,008,730
$950,462
-6%
Fundraising
$1,227,076
$1,302,460
+6%
Total Expenses
$6,123,172
$6,306,059
+3%
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