LUTHERAN SOCIAL SERVICE OF MINNESOTA
Income Statement
Fiscal Year Start:
Oct 1
Data visualization unavailable
Revenues in 2024
$180,664,600
Program Services
N/A
Contributions
N/A
Investments
N/A
Fundraising Events
N/A
Government Grants
N/A
Membership Dues
N/A
Expenses in 2024
$176,565,963
Salaries & Benefits
69%
Grants
11%
Other
9%
Offices, Occupancy & IT
6%
Advertising & Promotion
2%
Depreciation
2%
Fees to Service Providers
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,483,071
$13,169,236
+26%
Government Grants
$0
$0
-
Fundraising Events
$1,210,175
$1,593,247
+32%
Program Services
$149,529,275
$166,661,659
+11%
Membership Dues
$0
$0
-
Investments
$1,051,131
$1,605,652
+53%
Other
-$2,396,232
-$2,365,194
-1%
Total Revenues
$159,877,420
$180,664,600
+13%
Expenses
2023
2024
Change
Grants
$15,581,738
$18,573,500
+19%
Benefits to Members
$0
$0
-
Salaries & Benefits
$111,435,899
$122,646,017
+10%
Fees to Service Providers
$1,750,449
$2,577,539
+47%
Advertising & Promotion
$2,749,058
$2,761,524
+0%
Offices, Occupancy & IT
$7,995,699
$10,895,022
+36%
Interest
$2,495,673
$219,470
-91%
Depreciation
$3,008,203
$2,751,831
-9%
Other
$14,981,596
$16,141,060
+8%
Total Expenses
$159,998,315
$176,565,963
+10%
Net income
2023
2024
Change
Net income
-$120,895
+$4,098,637
-3490%
Functional Expenses
Summary
2023
2024
Change
Program
$138,046,779
$150,942,216
+9%
Admin
$18,921,905
$21,875,837
+16%
Fundraising
$3,029,631
$3,747,910
+24%
Total Expenses
$159,998,315
$176,565,963
+10%
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