LOWER LIGHT MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,824,030
Contributions
73%
Fundraising Events
13%
Program Services
9%
Other
4%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$1,812,951
Salaries & Benefits
57%
Other
14%
Depreciation
13%
Offices, Occupancy & IT
11%
Fees to Service Providers
3%
Interest
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,941,682
$1,325,490
-32%
Government Grants
$0
$0
-
Fundraising Events
$0
$242,565
-
Program Services
$86,393
$160,583
+86%
Membership Dues
$0
$0
-
Investments
$5,220
$15,385
+195%
Other
$229,010
$80,007
-65%
Total Revenues
$2,262,305
$1,824,030
-19%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$694,878
$1,036,088
+49%
Fees to Service Providers
$33,891
$49,561
+46%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$138,890
$190,495
+37%
Interest
$18,286
$44,562
+144%
Depreciation
$167,474
$236,777
+41%
Other
$158,785
$255,468
+61%
Total Expenses
$1,212,204
$1,812,951
+50%
Net income
2023
2024
Change
Net income
+$1,050,101
+$11,079
-99%
Functional Expenses
Summary
2023
2024
Change
Program
$1,029,173
$1,610,437
+56%
Admin
$105,429
$123,233
+17%
Fundraising
$77,602
$79,281
+2%
Total Expenses
$1,212,204
$1,812,951
+50%
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