LANCASTER BIBLE COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$47,934,774
Program Services
79%
Contributions
11%
Other
8%
Investments
1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$47,122,523
Salaries & Benefits
47%
Grants
22%
Other
11%
Offices, Occupancy & IT
7%
Depreciation
4%
Advertising & Promotion
4%
Fees to Service Providers
2%
Interest
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$9,174,749
$5,107,976
-44%
Government Grants
$336,981
$368,810
+9%
Fundraising Events
$0
$0
-
Program Services
$34,083,497
$37,868,316
+11%
Membership Dues
$0
$0
-
Investments
$608,947
$616,773
+1%
Other
$1,456,676
$3,972,899
+173%
Total Revenues
$45,660,850
$47,934,774
+5%
Expenses
2023
2024
Change
Grants
$10,642,961
$10,533,912
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$22,332,045
$22,258,815
0%
Fees to Service Providers
$988,963
$974,617
-1%
Advertising & Promotion
$1,679,354
$1,722,802
+3%
Offices, Occupancy & IT
$3,766,787
$3,526,600
-6%
Interest
$981,681
$961,264
-2%
Depreciation
$2,177,308
$1,949,958
-10%
Other
$4,717,283
$5,194,555
+10%
Total Expenses
$47,286,382
$47,122,523
0%
Net income
2023
2024
Change
Net income
-$1,625,532
+$812,251
-150%
Functional Expenses
Summary
2023
2024
Change
Program
$44,030,651
$43,911,597
0%
Admin
$2,227,259
$2,193,434
-2%
Fundraising
$1,028,472
$1,017,492
-1%
Total Expenses
$47,286,382
$47,122,523
0%
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