Far Reaching Ministries
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$12,723,421
Contributions
98%
Investments
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$9,039,457
Other
43%
Salaries & Benefits
22%
Grants
18%
Fees to Service Providers
7%
Offices, Occupancy & IT
6%
Depreciation
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$12,768,993
$12,405,780
-3%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$96,659
$276,317
+186%
Other
-$8,208
$41,324
-603%
Total Revenues
$12,857,444
$12,723,421
-1%
Expenses
2023
2024
Change
Grants
$3,633,090
$1,669,239
-54%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,738,492
$1,995,064
+15%
Fees to Service Providers
$1,462,821
$656,958
-55%
Advertising & Promotion
$0
$31,200
-
Offices, Occupancy & IT
$243,983
$522,640
+114%
Interest
$0
$0
-
Depreciation
$397,741
$312,652
-21%
Other
$4,034,411
$3,851,704
-5%
Total Expenses
$11,510,538
$9,039,457
-21%
Net income
2023
2024
Change
Net income
+$1,346,906
+$3,683,964
+174%
Functional Expenses
Summary
2023
2024
Change
Program
$10,272,034
$7,794,881
-24%
Admin
$1,066,173
$1,063,574
0%
Fundraising
$172,331
$181,002
+5%
Total Expenses
$11,510,538
$9,039,457
-21%
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