Logo for "Providence Ministries for the Needy Inc"

Providence Ministries for the Needy Inc

Providence Ministries for the Needy Inc

Holyoke, MA, US
501(c)3
EIN
04-2898893
Subordinate Organization
Logo for "Providence Ministries for the Needy Inc"

Providence Ministries for the Needy Inc

Holyoke, MA, US
501(c)3
EIN
04-2898893
Subordinate Organization

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$2,570,305

Contributions
76%
Program Services
21%
Other
<1%
Fundraising Events
<1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024

$2,787,716

Other
57%
Salaries & Benefits
28%
Offices, Occupancy & IT
11%
Depreciation
2%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,225,697
$1,963,654
-12%
Government Grants
$0
$0
-
Fundraising Events
$17,000
$22,500
+32%
Program Services
$614,955
$546,367
-11%
Membership Dues
$0
$0
-
Investments
$7,741
$12,967
+68%
Other
$21,729
$24,817
+14%
Total Revenues
$2,887,122
$2,570,305
-11%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$630,702
$785,484
+25%
Fees to Service Providers
$45,526
$37,712
-17%
Advertising & Promotion
$500
$0
-100%
Offices, Occupancy & IT
$366,147
$299,075
-18%
Interest
$0
$0
-
Depreciation
$76,806
$69,328
-10%
Other
$1,821,078
$1,596,117
-12%
Total Expenses
$2,940,759
$2,787,716
-5%
Net income
2023
2024
Change
Net income
-$53,637
-$217,411
-305%
Functional Expenses
Summary
2023
2024
Change
Program
$2,648,780
$2,351,375
-11%
Admin
$290,622
$434,247
+49%
Fundraising
$1,357
$2,094
+54%
Total Expenses
$2,940,759
$2,787,716
-5%
Income Statement
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