Since the beginning of the pandemic, we’ve received significant government funding, which has allowed us to continue investing in the future of our best-in-class programs and services. As a result, we are operating at a deficit while steadily working towards a full recovery from the pandemic, which is consistent with our plan.

Our core revenue grew 16% in 2023. We had impressive increases in our Adult Day Support and Summer Camp programs as we added more participants. Our fundraising efforts showed major growth, too, bringing in a total of $1.7 million. Business Solutions’ core revenue also grew, despite several challenges. During the year, we terminated a contract that was not well aligned with our mission and closed our production facility after a major client decided to take our work in-house. We made sure to support our employees with disabilities who had worked in these areas, helping them find new jobs or other services (as requested).

Last year, our operating expenses grew by 12%. As part of our commitment to being a Top Workplace, we continue to compensate our people on pace with the changing market. Healthcare benefits also increased significantly. And as we grew our programs and took on new projects, our staff and other operating costs increased as well.

Thankfully, additional government funding of $4 million, tied to the Employee Retention Credit program, has kept our cash and investments at a healthy level. This will enable us to continue in this environment for the foreseeable future, as we further expand our programs and services. We fully expect to be back to operating at a breakeven level before these funds are exhausted.

2023 Donors List

View records from previous years in our Document Library.