FINANCIALS
Consolidated Financial Statements Review
JULY 1, 2024 - JUNE 30, 2025 FISCAL YEAR
(SOURCED FROM AUDITED FINANCIAL STATEMENTS)
BALANCE SHEET
We remain in a strong financial position with the stability to sustain our programs today and grow for the future. Net assets increased by $2 million this year, reflecting careful stewardship of our resources, positive operating results, and continued investment from our community. This financial strength allows us to remain responsive, resilient and focused on what matters most: serving our clients and advancing our mission.
NOTE: This fiscal year statement for the first time includes Compass Housing Alliance, our long-time affiliate agency. Compass was preparing to merge with LCSNW during this fiscal year. The merger went into effect on Jan. 1, 2026.
Expenses by Program
(IN MILLIONS)
Our spending reflects a deep commitment to direct service and community impact. Nearly 60% of all expenses are invested in the people who make our work possible: our dedicated staff delivering care, support, and services every day. We continue to prioritize programs that meet pressing needs in our communities. Housing services represents our largest area of investment and includes services provided by Compass Housing Alliance and our Greater Puget Sound District. Housing is followed by Child Wellness, Behavioral Health, Refugee & Immigrant Services, Family & Community Support, and Aging & Independent Living. Operational and administrative support represents 25% of our spending, ensuring strong stewardship, accountability, and infrastructure to deliver high-quality, sustainable programs.
Revenue Sources
(IN MILLIONS)
Because of the generosity of our community, we are proud to report a positive net margin of $2 million this fiscal year. Support from donors, foundations, and public partners enabled us to continue delivering critical services and respond to growing community needs.
Contribution Revenue: Gifts from individuals and philanthropic partners represented 6.2% of total revenue and played a vital role in areas where flexibility matters most: supporting capital improvements, expanding behavioral health services, and providing direct assistance to clients in moments of urgent need.
Contract and Fee for Services Revenue: Public funding continues to be the foundation of our work, accounting for more than half of total revenue. Partnerships with state, local, and federal agencies allow us to sustain and scale essential programs that serve thousands of individuals and families each year.
Assets
(IN MILLIONS)
Liabilities
(IN MILLIONS)
Net Assets
(IN MILLIONS)
