MEL TROTTER MINISTRIES
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$19,027,531
Contributions
64%
Other
18%
Government Grants
12%
Investments
2%
Program Services
2%
Fundraising Events
2%
Membership Dues
0%
Expenses in 2024
$18,025,191
Salaries & Benefits
50%
Offices, Occupancy & IT
19%
Grants
13%
Fees to Service Providers
12%
Other
3%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$16,211,366
$12,139,120
-25%
Government Grants
$1,980,730
$2,287,555
+15%
Fundraising Events
$489,815
$324,464
-34%
Program Services
$523,458
$383,607
-27%
Membership Dues
$0
$0
-
Investments
$80,684
$392,395
+386%
Other
$3,606,481
$3,500,390
-3%
Total Revenues
$22,892,534
$19,027,531
-17%
Expenses
2023
2024
Change
Grants
$2,498,847
$2,380,773
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,859,590
$9,012,062
-9%
Fees to Service Providers
$3,178,811
$2,206,346
-31%
Advertising & Promotion
$191,279
$156,513
-18%
Offices, Occupancy & IT
$1,123,311
$3,441,002
+206%
Interest
$0
$0
-
Depreciation
$367,907
$257,038
-30%
Other
$2,698,751
$571,457
-79%
Total Expenses
$19,918,496
$18,025,191
-10%
Net income
2023
2024
Change
Net income
+$2,974,038
+$1,002,340
-66%
Functional Expenses
Summary
2023
2024
Change
Program
$14,581,721
$13,360,808
-8%
Admin
$3,551,619
$2,944,489
-17%
Fundraising
$1,785,156
$1,719,894
-4%
Total Expenses
$19,918,496
$18,025,191
-10%
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