WHATCOM COUNCIL ON AGING
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,575,487
Contributions
43%
Government Grants
39%
Program Services
11%
Membership Dues
4%
Other
3%
Fundraising Events
<1%
Investments
0%
Expenses in 2024
$3,483,286
Salaries & Benefits
49%
Other
38%
Grants
4%
Fees to Service Providers
3%
Depreciation
2%
Interest
2%
Advertising & Promotion
1%
Benefits to Members
0%
Offices, Occupancy & IT
0%
Revenues
2023
2024
Change
Contributions
$1,970,758
$1,531,236
-22%
Government Grants
$1,338,389
$1,384,110
+3%
Fundraising Events
$17,821
$12,289
-31%
Program Services
$320,826
$391,152
+22%
Membership Dues
$111,325
$154,773
+39%
Investments
$0
$0
-
Other
$42,465
$101,927
+140%
Total Revenues
$3,801,584
$3,575,487
-6%
Expenses
2023
2024
Change
Grants
$0
$154,695
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,478,459
$1,716,210
+16%
Fees to Service Providers
$123,838
$114,769
-7%
Advertising & Promotion
$27,241
$37,853
+39%
Offices, Occupancy & IT
$0
$0
-
Interest
$0
$66,926
-
Depreciation
$28,541
$81,446
+185%
Other
$1,284,507
$1,311,387
+2%
Total Expenses
$2,942,586
$3,483,286
+18%
Net income
2023
2024
Change
Net income
+$858,998
+$92,201
-89%
Functional Expenses
Summary
2023
2024
Change
Program
$2,294,873
$2,787,736
+21%
Admin
$647,713
$536,169
-17%
Fundraising
$0
$159,381
-
Total Expenses
$2,942,586
$3,483,286
+18%
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