NORTH RALEIGH MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,558,851
Contributions
78%
Government Grants
18%
Other
3%
Investments
1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,568,289
Salaries & Benefits
55%
Offices, Occupancy & IT
24%
Grants
8%
Fees to Service Providers
5%
Other
4%
Depreciation
3%
Interest
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$4,344,525
$4,312,991
-1%
Government Grants
$0
$1,020,000
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$50,201
$75,527
+50%
Other
-$76,268
$150,333
-297%
Total Revenues
$4,318,458
$5,558,851
+29%
Expenses
2023
2024
Change
Grants
$402,983
$353,305
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,927,632
$2,503,507
+30%
Fees to Service Providers
$206,785
$219,739
+6%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$946,207
$1,109,036
+17%
Interest
$106,558
$103,759
-3%
Depreciation
$20,553
$114,304
+456%
Other
$60,656
$164,639
+171%
Total Expenses
$3,671,374
$4,568,289
+24%
Net income
2023
2024
Change
Net income
+$647,084
+$990,562
+53%
Functional Expenses
Summary
2023
2024
Change
Program
$3,404,276
$3,954,190
+16%
Admin
$155,490
$468,601
+201%
Fundraising
$111,608
$145,498
+30%
Total Expenses
$3,671,374
$4,568,289
+24%
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