Magnificat Houses Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$3,394,755
Contributions
64%
Program Services
17%
Government Grants
10%
Other
6%
Investments
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,785,955
Salaries & Benefits
32%
Grants
28%
Other
14%
Offices, Occupancy & IT
11%
Fees to Service Providers
10%
Depreciation
5%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,801,490
$2,166,499
+20%
Government Grants
$454,138
$355,362
-22%
Fundraising Events
$96,906
$0
-100%
Program Services
$594,974
$581,848
-2%
Membership Dues
$0
$0
-
Investments
$79,632
$91,773
+15%
Other
$3,939
$199,273
+4959%
Total Revenues
$3,031,079
$3,394,755
+12%
Expenses
2023
2024
Change
Grants
$2,476,525
$1,049,457
-58%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,068,668
$1,210,547
+13%
Fees to Service Providers
$196,126
$385,586
+97%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$323,376
$423,675
+31%
Interest
$0
$0
-
Depreciation
$144,238
$186,672
+29%
Other
$498,655
$530,018
+6%
Total Expenses
$4,707,588
$3,785,955
-20%
Net income
2023
2024
Change
Net income
-$1,676,509
-$391,200
+77%
Functional Expenses
Summary
2023
2024
Change
Program
$4,141,365
$3,052,790
-26%
Admin
$259,983
$395,528
+52%
Fundraising
$306,240
$337,637
+10%
Total Expenses
$4,707,588
$3,785,955
-20%
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