Matthew 25 Ministries Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$279,440,386
Contributions
99%
Program Services
1%
Other
<1%
Investments
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$309,413,202
Grants
95%
Salaries & Benefits
3%
Other
<1%
Depreciation
<1%
Offices, Occupancy & IT
<1%
Fees to Service Providers
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$292,845,996
$276,055,235
-6%
Government Grants
$1,300,847
$0
-100%
Fundraising Events
$14,678
$70,277
+379%
Program Services
$2,779,948
$2,826,636
+2%
Membership Dues
$0
$0
-
Investments
$166,650
$136,919
-18%
Other
$218,280
$351,319
+61%
Total Revenues
$297,326,399
$279,440,386
-6%
Expenses
2023
2024
Change
Grants
$342,390,863
$295,207,972
-14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,366,496
$8,204,032
+11%
Fees to Service Providers
$163,241
$148,325
-9%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$992,191
$1,067,667
+8%
Interest
$24,049
$42,932
+79%
Depreciation
$1,962,950
$2,094,337
+7%
Other
$8,776,127
$2,647,937
-70%
Total Expenses
$361,675,917
$309,413,202
-14%
Net income
2023
2024
Change
Net income
-$64,349,518
-$29,972,816
+53%
Functional Expenses
Summary
2023
2024
Change
Program
$359,318,379
$307,237,797
-14%
Admin
$1,225,422
$1,040,335
-15%
Fundraising
$1,132,116
$1,135,070
+0%
Total Expenses
$361,675,917
$309,413,202
-14%
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