WELLSPRING FAMILY SERVICES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,993,414
Contributions
33%
Government Grants
29%
Program Services
21%
Other
17%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,285,760
Salaries & Benefits
52%
Grants
17%
Fees to Service Providers
12%
Offices, Occupancy & IT
7%
Depreciation
5%
Other
3%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,332,312
$3,897,956
-38%
Government Grants
$2,728,711
$3,488,739
+28%
Fundraising Events
$0
$0
-
Program Services
$4,770,119
$2,516,514
-47%
Membership Dues
$0
$0
-
Investments
$8,221
$2,316
-72%
Other
$45,874
$2,087,889
+4451%
Total Revenues
$13,885,237
$11,993,414
-14%
Expenses
2023
2024
Change
Grants
$2,775,838
$2,105,168
-24%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,755,654
$6,369,436
-27%
Fees to Service Providers
$2,634,572
$1,502,263
-43%
Advertising & Promotion
$36,695
$36,484
-1%
Offices, Occupancy & IT
$1,205,186
$846,320
-30%
Interest
$332,556
$413,469
+24%
Depreciation
$539,375
$588,316
+9%
Other
$378,313
$424,304
+12%
Total Expenses
$16,658,189
$12,285,760
-26%
Net income
2023
2024
Change
Net income
-$2,772,952
-$292,346
+89%
Functional Expenses
Summary
2023
2024
Change
Program
$12,132,672
$8,275,077
-32%
Admin
$3,513,205
$3,235,103
-8%
Fundraising
$1,012,312
$775,580
-23%
Total Expenses
$16,658,189
$12,285,760
-26%
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