LUTHER HOME OF MERCY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$27,708,121
Program Services
90%
Other
9%
Contributions
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$27,085,999
Salaries & Benefits
67%
Other
17%
Offices, Occupancy & IT
5%
Fees to Service Providers
4%
Depreciation
4%
Grants
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$262,439
$220,401
-16%
Government Grants
$899,339
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$20,484,941
$24,863,028
+21%
Membership Dues
$0
$0
-
Investments
$1,132
$460
-59%
Other
$1,504,048
$2,624,232
+74%
Total Revenues
$23,151,899
$27,708,121
+20%
Expenses
2023
2024
Change
Grants
$1,825,542
$650,163
-64%
Benefits to Members
$0
$0
-
Salaries & Benefits
$16,997,885
$18,160,197
+7%
Fees to Service Providers
$1,198,523
$1,207,027
+1%
Advertising & Promotion
$62,952
$60,382
-4%
Offices, Occupancy & IT
$1,457,331
$1,449,015
-1%
Interest
$57,860
$48,658
-16%
Depreciation
$1,054,998
$1,037,565
-2%
Other
$3,546,016
$4,472,992
+26%
Total Expenses
$26,201,107
$27,085,999
+3%
Net income
2023
2024
Change
Net income
-$3,049,208
+$622,122
-120%
Functional Expenses
Summary
2023
2024
Change
Program
$22,314,682
$23,062,829
+3%
Admin
$3,832,871
$3,984,102
+4%
Fundraising
$53,554
$39,068
-27%
Total Expenses
$26,201,107
$27,085,999
+3%
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