LIFE ACTION MINISTRIES
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2023
$19,695,195
Contributions
81%
Program Services
13%
Other
4%
Fundraising Events
1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2023
$20,370,781
Salaries & Benefits
47%
Other
17%
Offices, Occupancy & IT
11%
Fees to Service Providers
10%
Advertising & Promotion
7%
Depreciation
4%
Grants
3%
Interest
<1%
Benefits to Members
0%
Revenues
2022
2023
Change
Contributions
$16,559,836
$15,996,927
-3%
Government Grants
$1,565,717
$0
-100%
Fundraising Events
$501,697
$261,142
-48%
Program Services
$1,572,001
$2,492,334
+59%
Membership Dues
$0
$0
-
Investments
$43,943
$161,610
+268%
Other
$617,464
$783,182
+27%
Total Revenues
$20,860,658
$19,695,195
-6%
Expenses
2022
2023
Change
Grants
$197,805
$562,053
+184%
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,633,395
$9,565,083
-1%
Fees to Service Providers
$1,774,327
$2,080,259
+17%
Advertising & Promotion
$46,643
$1,522,176
+3163%
Offices, Occupancy & IT
$1,949,786
$2,274,094
+17%
Interest
$521
$16,741
+3113%
Depreciation
$461,778
$791,764
+71%
Other
$3,876,491
$3,558,611
-8%
Total Expenses
$17,940,746
$20,370,781
+14%
Net income
2022
2023
Change
Net income
+$2,919,912
-$675,586
-123%
Functional Expenses
Summary
2022
2023
Change
Program
$14,749,190
$12,593,566
-15%
Admin
$2,384,101
$6,616,493
+178%
Fundraising
$807,455
$1,160,722
+44%
Total Expenses
$17,940,746
$20,370,781
+14%
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