CARE INITIATIVES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$271,912,461
Program Services
99%
Investments
<1%
Other
<1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$265,428,959
Salaries & Benefits
64%
Other
18%
Fees to Service Providers
7%
Offices, Occupancy & IT
6%
Depreciation
3%
Interest
1%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$86,020
$64,490
-25%
Government Grants
$746,062
$555,239
-26%
Fundraising Events
$0
$0
-
Program Services
$259,437,351
$269,133,667
+4%
Membership Dues
$0
$0
-
Investments
$779,915
$1,269,070
+63%
Other
$25,903
$889,995
+3336%
Total Revenues
$261,075,251
$271,912,461
+4%
Expenses
2023
2024
Change
Grants
$183,507
$63,639
-65%
Benefits to Members
$0
$0
-
Salaries & Benefits
$153,094,875
$171,141,398
+12%
Fees to Service Providers
$37,753,396
$18,425,279
-51%
Advertising & Promotion
$824,472
$768,717
-7%
Offices, Occupancy & IT
$15,848,420
$16,123,610
+2%
Interest
$2,833,334
$2,816,918
-1%
Depreciation
$8,115,304
$8,197,669
+1%
Other
$43,155,034
$47,891,729
+11%
Total Expenses
$261,808,342
$265,428,959
+1%
Net income
2023
2024
Change
Net income
-$733,091
+$6,483,502
-984%
Functional Expenses
Summary
2023
2024
Change
Program
$239,927,886
$243,620,609
+2%
Admin
$21,880,456
$21,808,350
0%
Fundraising
$0
$0
-
Total Expenses
$261,808,342
$265,428,959
+1%
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