NATIONAL CHURCH RESIDENCES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$116,051,744
Program Services
80%
Other
16%
Government Grants
3%
Investments
1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$117,603,253
Salaries & Benefits
43%
Other
41%
Fees to Service Providers
6%
Offices, Occupancy & IT
5%
Interest
2%
Grants
1%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$75,560
$473
-99%
Government Grants
$4,590,291
$3,154,549
-31%
Fundraising Events
$0
$0
-
Program Services
$81,133,073
$93,284,242
+15%
Membership Dues
$0
$0
-
Investments
$1,390,836
$1,305,089
-6%
Other
$22,224,716
$18,307,391
-18%
Total Revenues
$109,414,476
$116,051,744
+6%
Expenses
2023
2024
Change
Grants
$1,356,945
$1,742,623
+28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,454,396
$50,662,305
+43%
Fees to Service Providers
$7,434,788
$7,142,948
-4%
Advertising & Promotion
$1,518,440
$1,305,005
-14%
Offices, Occupancy & IT
$5,096,017
$5,661,182
+11%
Interest
$693,848
$1,914,916
+176%
Depreciation
$428,311
$419,375
-2%
Other
$30,393,965
$48,754,899
+60%
Total Expenses
$82,376,710
$117,603,253
+43%
Net income
2023
2024
Change
Net income
+$27,037,766
-$1,551,509
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$60,527,722
$83,197,006
+37%
Admin
$21,298,397
$33,667,634
+58%
Fundraising
$550,591
$738,613
+34%
Total Expenses
$82,376,710
$117,603,253
+43%
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