FOR HIS GLORY MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,824,677
Contributions
99%
Other
1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$1,794,351
Other
56%
Salaries & Benefits
39%
Offices, Occupancy & IT
4%
Fees to Service Providers
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,825,223
$1,803,516
-1%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$2,901
$21,161
+629%
Total Revenues
$1,828,124
$1,824,677
0%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$505,338
$692,020
+37%
Fees to Service Providers
$18,170
$20,748
+14%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$71,419
$70,048
-2%
Interest
$0
$0
-
Depreciation
$776
$972
+25%
Other
$781,638
$1,010,563
+29%
Total Expenses
$1,377,341
$1,794,351
+30%
Net income
2023
2024
Change
Net income
+$450,783
+$30,326
-93%
Functional Expenses
Summary
2023
2024
Change
Program
$1,104,250
$1,505,950
+36%
Admin
$137,919
$110,882
-20%
Fundraising
$135,172
$177,519
+31%
Total Expenses
$1,377,341
$1,794,351
+30%
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