LIFE TRANSFORMING MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$529,114
Contributions
88%
Government Grants
9%
Other
3%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$501,443
Salaries & Benefits
53%
Offices, Occupancy & IT
25%
Advertising & Promotion
10%
Other
5%
Depreciation
4%
Fees to Service Providers
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$440,333
$463,760
+5%
Government Grants
$40,000
$45,650
+14%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,146
$2,900
+35%
Other
$16,659
$16,804
+1%
Total Revenues
$499,138
$529,114
+6%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$269,158
$266,121
-1%
Fees to Service Providers
$17,976
$16,950
-6%
Advertising & Promotion
$47,828
$49,983
+5%
Offices, Occupancy & IT
$118,074
$126,452
+7%
Interest
$0
$0
-
Depreciation
$17,524
$18,618
+6%
Other
$29,286
$23,319
-20%
Total Expenses
$499,846
$501,443
+0%
Net income
2023
2024
Change
Net income
-$708
+$27,671
-4008%
Functional Expenses
Summary
2023
2024
Change
Program
$423,927
$420,151
-1%
Admin
$75,919
$81,292
+7%
Fundraising
$0
$0
-
Total Expenses
$499,846
$501,443
+0%
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