LUTHERAN LIFE COMMUNITIES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,138,229
Program Services
93%
Investments
6%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,836,694
Salaries & Benefits
83%
Other
10%
Depreciation
3%
Offices, Occupancy & IT
2%
Fees to Service Providers
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$4,329,294
$5,709,868
+32%
Membership Dues
$0
$0
-
Investments
$284,242
$385,801
+36%
Other
$51,551
$42,560
-17%
Total Revenues
$4,665,087
$6,138,229
+32%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,267,523
$7,309,248
+17%
Fees to Service Providers
$1,952,021
$138,119
-93%
Advertising & Promotion
$34,617
$28,171
-19%
Offices, Occupancy & IT
$1,642,521
$169,483
-90%
Interest
$61,216
$49,544
-19%
Depreciation
$550,396
$299,989
-45%
Other
$626,598
$842,140
+34%
Total Expenses
$11,134,892
$8,836,694
-21%
Net income
2023
2024
Change
Net income
-$6,469,805
-$2,698,465
+58%
Functional Expenses
Summary
2023
2024
Change
Program
$9,822,782
$7,476,980
-24%
Admin
$1,312,110
$1,359,714
+4%
Fundraising
$0
$0
-
Total Expenses
$11,134,892
$8,836,694
-21%
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