Lutheran Social Services Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,196,575
Program Services
42%
Government Grants
32%
Contributions
23%
Investments
2%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,110,940
Salaries & Benefits
68%
Offices, Occupancy & IT
13%
Other
8%
Grants
4%
Fees to Service Providers
4%
Depreciation
2%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,404,401
$1,196,681
-50%
Government Grants
$1,825,056
$1,669,495
-9%
Fundraising Events
$0
$0
-
Program Services
$1,963,905
$2,200,845
+12%
Membership Dues
$0
$0
-
Investments
$92,441
$129,107
+40%
Other
$15,691
$447
-97%
Total Revenues
$6,301,494
$5,196,575
-18%
Expenses
2023
2024
Change
Grants
$304,730
$235,631
-23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,766,387
$4,152,407
+10%
Fees to Service Providers
$258,745
$216,052
-17%
Advertising & Promotion
$35,552
$61,716
+74%
Offices, Occupancy & IT
$709,209
$795,050
+12%
Interest
$0
$0
-
Depreciation
$130,928
$146,886
+12%
Other
$453,793
$503,198
+11%
Total Expenses
$5,659,344
$6,110,940
+8%
Net income
2023
2024
Change
Net income
+$642,150
-$914,365
-242%
Functional Expenses
Summary
2023
2024
Change
Program
$4,407,214
$4,939,035
+12%
Admin
$987,114
$892,044
-10%
Fundraising
$265,016
$279,861
+6%
Total Expenses
$5,659,344
$6,110,940
+8%
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