BREAD OF LIFE MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,309,850
Program Services
36%
Government Grants
31%
Contributions
29%
Investments
4%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,235,563
Salaries & Benefits
40%
Other
37%
Offices, Occupancy & IT
10%
Depreciation
8%
Fees to Service Providers
3%
Benefits to Members
<1%
Advertising & Promotion
<1%
Grants
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$612,601
$662,201
+8%
Government Grants
$689,205
$720,142
+4%
Fundraising Events
$0
$0
-
Program Services
$770,810
$822,372
+7%
Membership Dues
$0
$0
-
Investments
$38,963
$81,914
+110%
Other
$94,761
$23,221
-75%
Total Revenues
$2,206,340
$2,309,850
+5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$12,535
$17,518
+40%
Salaries & Benefits
$866,286
$891,865
+3%
Fees to Service Providers
$82,537
$75,555
-8%
Advertising & Promotion
$3,561
$6,145
+73%
Offices, Occupancy & IT
$223,218
$228,969
+3%
Interest
$3,360
$0
-100%
Depreciation
$167,598
$177,228
+6%
Other
$594,450
$838,283
+41%
Total Expenses
$1,953,545
$2,235,563
+14%
Net income
2023
2024
Change
Net income
+$252,795
+$74,287
-71%
Functional Expenses
Summary
2023
2024
Change
Program
$1,716,903
$1,912,144
+11%
Admin
$235,093
$321,076
+37%
Fundraising
$1,549
$2,343
+51%
Total Expenses
$1,953,545
$2,235,563
+14%
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