TIME OF GRACE MINISTRY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,548,535
Contributions
96%
Other
2%
Program Services
2%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,267,938
Other
35%
Salaries & Benefits
33%
Offices, Occupancy & IT
12%
Fees to Service Providers
10%
Advertising & Promotion
9%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,907,333
$5,324,555
+9%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$83,978
-
Membership Dues
$0
$0
-
Investments
$12,058
$15,612
+29%
Other
$94,887
$124,390
+31%
Total Revenues
$5,014,278
$5,548,535
+11%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,692,192
$1,757,960
+4%
Fees to Service Providers
$405,729
$538,645
+33%
Advertising & Promotion
$489,347
$463,494
-5%
Offices, Occupancy & IT
$624,734
$607,830
-3%
Interest
$0
$428
-
Depreciation
$34,848
$30,334
-13%
Other
$1,385,654
$1,869,247
+35%
Total Expenses
$4,632,504
$5,267,938
+14%
Net income
2023
2024
Change
Net income
+$381,774
+$280,597
-27%
Functional Expenses
Summary
2023
2024
Change
Program
$3,263,643
$3,836,520
+18%
Admin
$705,238
$724,141
+3%
Fundraising
$663,623
$707,277
+7%
Total Expenses
$4,632,504
$5,267,938
+14%
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