LUTHERAN HOMES SOCIETY INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$35,740,124
Program Services
93%
Other
7%
Investments
<1%
Contributions
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$35,963,796
Salaries & Benefits
59%
Other
13%
Fees to Service Providers
12%
Offices, Occupancy & IT
11%
Depreciation
4%
Grants
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$63,980
$10,000
-84%
Government Grants
$936,802
$4,250
-100%
Fundraising Events
$0
$0
-
Program Services
$32,087,635
$33,139,585
+3%
Membership Dues
$0
$0
-
Investments
$82,466
$135,998
+65%
Other
$1,676,458
$2,450,291
+46%
Total Revenues
$34,847,341
$35,740,124
+3%
Expenses
2023
2024
Change
Grants
$42,813
$260,940
+509%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,093,711
$21,103,158
+5%
Fees to Service Providers
$4,388,506
$4,457,717
+2%
Advertising & Promotion
$125,427
$95,947
-24%
Offices, Occupancy & IT
$3,869,030
$3,855,949
0%
Interest
$8,013
$12,887
+61%
Depreciation
$1,329,026
$1,374,447
+3%
Other
$4,209,336
$4,802,751
+14%
Total Expenses
$34,065,862
$35,963,796
+6%
Net income
2023
2024
Change
Net income
+$781,479
-$223,672
-129%
Functional Expenses
Summary
2023
2024
Change
Program
$25,084,655
$27,094,378
+8%
Admin
$8,740,071
$8,600,032
-2%
Fundraising
$241,136
$269,386
+12%
Total Expenses
$34,065,862
$35,963,796
+6%
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