WATER STREET MINISTRIES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,638,817
Contributions
94%
Other
2%
Investments
2%
Program Services
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$14,930,549
Salaries & Benefits
53%
Other
19%
Grants
9%
Fees to Service Providers
9%
Depreciation
5%
Offices, Occupancy & IT
5%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$14,199,195
$16,564,350
+17%
Government Grants
$0
$71,740
-
Fundraising Events
$34,500
$55,072
+60%
Program Services
$121,028
$124,608
+3%
Membership Dues
$0
$0
-
Investments
$282,618
$386,629
+37%
Other
$193,989
$436,418
+125%
Total Revenues
$14,831,330
$17,638,817
+19%
Expenses
2023
2024
Change
Grants
$995,680
$1,394,426
+40%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,137,955
$7,902,458
+11%
Fees to Service Providers
$1,075,595
$1,279,316
+19%
Advertising & Promotion
$213,443
$40,516
-81%
Offices, Occupancy & IT
$445,692
$696,038
+56%
Interest
$0
$0
-
Depreciation
$680,483
$721,439
+6%
Other
$2,725,581
$2,896,356
+6%
Total Expenses
$13,274,429
$14,930,549
+12%
Net income
2023
2024
Change
Net income
+$1,556,901
+$2,708,268
+74%
Functional Expenses
Summary
2023
2024
Change
Program
$9,760,135
$11,031,290
+13%
Admin
$1,166,367
$1,440,900
+24%
Fundraising
$2,347,927
$2,458,359
+5%
Total Expenses
$13,274,429
$14,930,549
+12%
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