AREA II AGENCY ON AGING
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,930,466
Government Grants
63%
Program Services
36%
Investments
1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$6,252,827
Grants
41%
Fees to Service Providers
33%
Salaries & Benefits
19%
Other
4%
Offices, Occupancy & IT
3%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$5,076,192
$3,739,038
-26%
Fundraising Events
$0
$0
-
Program Services
$2,715,884
$2,123,570
-22%
Membership Dues
$0
$0
-
Investments
$4,890
$67,858
+1288%
Other
$408,836
$0
-100%
Total Revenues
$8,205,802
$5,930,466
-28%
Expenses
2023
2024
Change
Grants
$2,324,945
$2,566,352
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,050,268
$1,163,025
+11%
Fees to Service Providers
$0
$2,045,672
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$98,853
$181,412
+84%
Interest
$0
$0
-
Depreciation
$1,605
$15,851
+888%
Other
$2,192,707
$280,515
-87%
Total Expenses
$5,668,378
$6,252,827
+10%
Net income
2023
2024
Change
Net income
+$2,537,424
-$322,361
-113%
Functional Expenses
Summary
2023
2024
Change
Program
$5,479,706
$5,884,180
+7%
Admin
$188,672
$368,647
+95%
Fundraising
$0
$0
-
Total Expenses
$5,668,378
$6,252,827
+10%
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