WORD OF LIFE FELLOWSHIP INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$65,643,729
Contributions
46%
Program Services
34%
Other
20%
Investments
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$61,430,976
Salaries & Benefits
32%
Grants
31%
Other
16%
Offices, Occupancy & IT
12%
Depreciation
8%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$33,152,002
$29,954,173
-10%
Government Grants
$2,004,593
$36,825
-98%
Fundraising Events
$0
$0
-
Program Services
$20,652,069
$22,085,510
+7%
Membership Dues
$0
$0
-
Investments
$723,384
$668,837
-8%
Other
$12,153,281
$12,898,384
+6%
Total Revenues
$68,685,329
$65,643,729
-4%
Expenses
2023
2024
Change
Grants
$17,899,772
$18,796,146
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$18,512,369
$19,795,586
+7%
Fees to Service Providers
$626,668
$527,168
-16%
Advertising & Promotion
$232,411
$384,471
+65%
Offices, Occupancy & IT
$6,938,132
$7,132,011
+3%
Interest
$70,138
$63,555
-9%
Depreciation
$4,178,893
$4,838,786
+16%
Other
$9,804,051
$9,893,253
+1%
Total Expenses
$58,262,434
$61,430,976
+5%
Net income
2023
2024
Change
Net income
+$10,422,895
+$4,212,753
-60%
Functional Expenses
Summary
2023
2024
Change
Program
$53,592,677
$56,848,830
+6%
Admin
$2,153,304
$2,161,653
+0%
Fundraising
$2,516,453
$2,420,493
-4%
Total Expenses
$58,262,434
$61,430,976
+5%
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