OPEN HEARTS
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,463,992
Program Services
42%
Government Grants
37%
Contributions
21%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,053,424
Salaries & Benefits
70%
Fees to Service Providers
15%
Other
7%
Offices, Occupancy & IT
5%
Depreciation
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$652,571
$2,575,530
+295%
Government Grants
$1,313,967
$4,583,417
+249%
Fundraising Events
$0
$0
-
Program Services
$6,813,128
$5,229,932
-23%
Membership Dues
$0
$0
-
Investments
$18,144
$56,476
+211%
Other
$51,459
$18,637
-64%
Total Revenues
$8,849,269
$12,463,992
+41%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,321,038
$6,348,711
+0%
Fees to Service Providers
$908,334
$1,340,450
+48%
Advertising & Promotion
$35,629
$81,079
+128%
Offices, Occupancy & IT
$614,720
$491,735
-20%
Interest
$0
$0
-
Depreciation
$59,648
$121,879
+104%
Other
$937,896
$669,570
-29%
Total Expenses
$8,877,265
$9,053,424
+2%
Net income
2023
2024
Change
Net income
-$27,996
+$3,410,568
-12282%
Functional Expenses
Summary
2023
2024
Change
Program
$6,870,582
$7,381,311
+7%
Admin
$2,006,683
$1,591,034
-21%
Fundraising
$0
$81,079
-
Total Expenses
$8,877,265
$9,053,424
+2%
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