Southcentral Foundation
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$633,740,364
Program Services
51%
Government Grants
41%
Investments
6%
Contributions
1%
Other
1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$511,450,341
Salaries & Benefits
61%
Fees to Service Providers
26%
Other
5%
Depreciation
4%
Offices, Occupancy & IT
2%
Grants
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,318,321
$8,274,154
+257%
Government Grants
$265,209,573
$258,679,856
-2%
Fundraising Events
$59,396
$82,936
+40%
Program Services
$272,305,401
$323,770,661
+19%
Membership Dues
$0
$0
-
Investments
$21,353,491
$35,873,423
+68%
Other
$1,627,117
$7,059,334
+334%
Total Revenues
$562,873,299
$633,740,364
+13%
Expenses
2023
2024
Change
Grants
$4,656,967
$4,595,298
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$290,805,443
$314,031,643
+8%
Fees to Service Providers
$119,418,989
$133,980,792
+12%
Advertising & Promotion
$339,125
$420,834
+24%
Offices, Occupancy & IT
$8,878,115
$10,443,427
+18%
Interest
$2,384,994
$2,081,286
-13%
Depreciation
$19,115,937
$19,607,321
+3%
Other
$26,299,149
$26,289,740
0%
Total Expenses
$471,898,719
$511,450,341
+8%
Net income
2023
2024
Change
Net income
+$90,974,580
+$122,290,023
+34%
Functional Expenses
Summary
2023
2024
Change
Program
$461,751,569
$506,445,098
+10%
Admin
$10,147,150
$5,005,243
-51%
Fundraising
$0
$0
-
Total Expenses
$471,898,719
$511,450,341
+8%
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