SET FREE MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,664,333
Contributions
98%
Investments
1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,230,409
Grants
52%
Salaries & Benefits
34%
Offices, Occupancy & IT
6%
Other
5%
Advertising & Promotion
3%
Depreciation
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,844,185
$2,620,174
-32%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$621
$0
-100%
Membership Dues
$0
$0
-
Investments
$17,147
$28,162
+64%
Other
$3,196
$15,997
+401%
Total Revenues
$3,865,149
$2,664,333
-31%
Expenses
2023
2024
Change
Grants
$2,039,141
$1,664,276
-18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$874,476
$1,096,915
+25%
Fees to Service Providers
$7,597
$11,378
+50%
Advertising & Promotion
$136,339
$88,093
-35%
Offices, Occupancy & IT
$170,023
$183,520
+8%
Interest
$0
$0
-
Depreciation
$7,319
$12,213
+67%
Other
$137,150
$174,014
+27%
Total Expenses
$3,372,045
$3,230,409
-4%
Net income
2023
2024
Change
Net income
+$493,104
-$566,076
-215%
Functional Expenses
Summary
2023
2024
Change
Program
$2,883,145
$2,749,459
-5%
Admin
$188,234
$214,097
+14%
Fundraising
$300,666
$266,853
-11%
Total Expenses
$3,372,045
$3,230,409
-4%
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