MERCY RESEARCH
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,616,406
Program Services
72%
Contributions
21%
Other
7%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$8,794,657
Salaries & Benefits
80%
Fees to Service Providers
11%
Offices, Occupancy & IT
8%
Other
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$316,629
$958,179
+203%
Government Grants
$97,608
$5,150
-95%
Fundraising Events
$0
$0
-
Program Services
$2,846,480
$3,339,149
+17%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$256,565
$313,928
+22%
Total Revenues
$3,517,282
$4,616,406
+31%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,040,114
$7,020,813
+16%
Fees to Service Providers
$997,381
$979,184
-2%
Advertising & Promotion
$0
$1,653
-
Offices, Occupancy & IT
$564,799
$695,284
+23%
Interest
$0
$0
-
Depreciation
$22,261
$22,703
+2%
Other
-$39,496
$75,020
-290%
Total Expenses
$7,585,059
$8,794,657
+16%
Net income
2023
2024
Change
Net income
-$4,067,777
-$4,178,251
-3%
Functional Expenses
Summary
2023
2024
Change
Program
$5,272,051
$6,551,496
+24%
Admin
$2,313,008
$2,243,161
-3%
Fundraising
$0
$0
-
Total Expenses
$7,585,059
$8,794,657
+16%
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