CONCORDIA LUTHERAN MINISTRIES OF PITTSBURGH
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$58,245,734
Program Services
94%
Investments
4%
Other
1%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$52,191,044
Salaries & Benefits
57%
Other
18%
Depreciation
8%
Fees to Service Providers
6%
Offices, Occupancy & IT
5%
Grants
4%
Interest
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$398,107
$460,501
+16%
Government Grants
$343,309
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$51,694,997
$55,012,177
+6%
Membership Dues
$0
$0
-
Investments
$2,526,806
$2,091,270
-17%
Other
$534,995
$681,786
+27%
Total Revenues
$55,498,214
$58,245,734
+5%
Expenses
2023
2024
Change
Grants
$3,646,027
$2,125,320
-42%
Benefits to Members
$0
$0
-
Salaries & Benefits
$28,660,485
$29,970,587
+5%
Fees to Service Providers
$2,943,730
$2,928,560
-1%
Advertising & Promotion
$78,578
$99,943
+27%
Offices, Occupancy & IT
$2,183,271
$2,351,813
+8%
Interest
$1,190,546
$1,524,914
+28%
Depreciation
$4,003,478
$4,005,636
+0%
Other
$8,636,252
$9,184,271
+6%
Total Expenses
$51,342,367
$52,191,044
+2%
Net income
2023
2024
Change
Net income
+$4,155,847
+$6,054,690
+46%
Functional Expenses
Summary
2023
2024
Change
Program
$45,768,106
$46,683,018
+2%
Admin
$5,574,261
$5,485,836
-2%
Fundraising
$0
$22,190
-
Total Expenses
$51,342,367
$52,191,044
+2%
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