SAVING GRACE MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,469,697
Program Services
77%
Contributions
14%
Other
9%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,562,694
Salaries & Benefits
62%
Other
16%
Depreciation
9%
Offices, Occupancy & IT
7%
Fees to Service Providers
4%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$332,194
$203,796
-39%
Government Grants
$40,204
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$1,060,560
$1,133,532
+7%
Membership Dues
$0
$0
-
Investments
$671
$471
-30%
Other
$142,382
$131,898
-7%
Total Revenues
$1,576,011
$1,469,697
-7%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,062,924
$974,094
-8%
Fees to Service Providers
$80,799
$66,174
-18%
Advertising & Promotion
$518
$835
+61%
Offices, Occupancy & IT
$139,583
$107,438
-23%
Interest
$34,547
$23,967
-31%
Depreciation
$125,986
$137,574
+9%
Other
$267,290
$252,612
-5%
Total Expenses
$1,711,647
$1,562,694
-9%
Net income
2023
2024
Change
Net income
-$135,636
-$92,997
+31%
Functional Expenses
Summary
2023
2024
Change
Program
$1,451,694
$1,331,840
-8%
Admin
$259,953
$230,854
-11%
Fundraising
$0
$0
-
Total Expenses
$1,711,647
$1,562,694
-9%
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