LIGHT OF LIFE MINISTRIES INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$11,766,209
Contributions
89%
Fundraising Events
5%
Investments
3%
Other
3%
Program Services
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$13,353,417
Salaries & Benefits
46%
Other
30%
Fees to Service Providers
12%
Depreciation
4%
Offices, Occupancy & IT
4%
Interest
2%
Advertising & Promotion
1%
Grants
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$11,475,334
$10,429,086
-9%
Government Grants
$0
$0
-
Fundraising Events
$387,473
$612,924
+58%
Program Services
$12,380
$16,330
+32%
Membership Dues
$0
$0
-
Investments
$259,196
$365,065
+41%
Other
$121,244
$342,804
+183%
Total Revenues
$12,255,627
$11,766,209
-4%
Expenses
2023
2024
Change
Grants
$445,155
$160,000
-64%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,853,726
$6,116,982
+26%
Fees to Service Providers
$1,375,837
$1,559,061
+13%
Advertising & Promotion
$122,405
$170,647
+39%
Offices, Occupancy & IT
$214,501
$552,321
+157%
Interest
$4,016
$269,186
+6603%
Depreciation
$242,023
$583,331
+141%
Other
$3,828,169
$3,941,889
+3%
Total Expenses
$11,085,832
$13,353,417
+20%
Net income
2023
2024
Change
Net income
+$1,169,795
-$1,587,208
-236%
Functional Expenses
Summary
2023
2024
Change
Program
$7,646,826
$9,016,482
+18%
Admin
$1,486,719
$2,326,046
+56%
Fundraising
$1,952,287
$2,010,889
+3%
Total Expenses
$11,085,832
$13,353,417
+20%
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