MIDPEN RESIDENT SERVICES CORPORATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$13,968,761
Program Services
96%
Contributions
2%
Investments
1%
Other
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$14,918,463
Salaries & Benefits
66%
Other
18%
Grants
6%
Fees to Service Providers
6%
Offices, Occupancy & IT
3%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$76,600
$262,500
+243%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$11,833,092
$13,373,390
+13%
Membership Dues
$0
$0
-
Investments
$146,118
$187,391
+28%
Other
$187,147
$145,480
-22%
Total Revenues
$12,242,957
$13,968,761
+14%
Expenses
2023
2024
Change
Grants
$0
$900,000
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,495,527
$9,914,998
+4%
Fees to Service Providers
$819,330
$834,387
+2%
Advertising & Promotion
$1
$17
+1600%
Offices, Occupancy & IT
$471,975
$487,823
+3%
Interest
$0
$0
-
Depreciation
$35,582
$35,582
+0%
Other
$2,206,858
$2,745,656
+24%
Total Expenses
$13,029,273
$14,918,463
+14%
Net income
2023
2024
Change
Net income
-$786,316
-$949,702
-21%
Functional Expenses
Summary
2023
2024
Change
Program
$10,382,220
$12,360,067
+19%
Admin
$2,647,053
$2,558,396
-3%
Fundraising
$0
$0
-
Total Expenses
$13,029,273
$14,918,463
+14%
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