Rural Community Assistance Corporation
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$58,791,828
Government Grants
70%
Contributions
14%
Program Services
11%
Investments
5%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$50,345,386
Salaries & Benefits
48%
Fees to Service Providers
17%
Grants
16%
Other
13%
Interest
4%
Offices, Occupancy & IT
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$4,097,501
$8,208,045
+100%
Government Grants
$27,236,543
$41,160,461
+51%
Fundraising Events
$0
$0
-
Program Services
$6,017,683
$6,513,900
+8%
Membership Dues
$0
$0
-
Investments
$2,325,706
$2,765,883
+19%
Other
-$11,762
$143,539
-1320%
Total Revenues
$39,665,671
$58,791,828
+48%
Expenses
2023
2024
Change
Grants
$3,067,544
$7,884,812
+157%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,115,191
$24,363,380
+21%
Fees to Service Providers
$4,275,231
$8,398,015
+96%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$839,218
$953,118
+14%
Interest
$2,081,488
$2,057,063
-1%
Depreciation
$76,300
$49,291
-35%
Other
$3,677,309
$6,639,707
+81%
Total Expenses
$34,132,281
$50,345,386
+48%
Net income
2023
2024
Change
Net income
+$5,533,390
+$8,446,442
+53%
Functional Expenses
Summary
2023
2024
Change
Program
$32,791,363
$49,330,016
+50%
Admin
$987,933
$460,170
-53%
Fundraising
$352,985
$555,200
+57%
Total Expenses
$34,132,281
$50,345,386
+48%
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