OLIVE TREE MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,393,887
Contributions
94%
Investments
6%
Program Services
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,362,788
Other
39%
Grants
33%
Salaries & Benefits
22%
Offices, Occupancy & IT
4%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,039,506
$4,139,730
+2%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$10,800
-
Membership Dues
$0
$0
-
Investments
$247,084
$243,315
-2%
Other
$80,942
$42
-100%
Total Revenues
$4,367,532
$4,393,887
+1%
Expenses
2023
2024
Change
Grants
$146,712
$1,420,300
+868%
Benefits to Members
$0
$0
-
Salaries & Benefits
$743,250
$943,181
+27%
Fees to Service Providers
$179,659
$118,652
-34%
Advertising & Promotion
$0
$20,235
-
Offices, Occupancy & IT
$191,768
$168,678
-12%
Interest
$0
$0
-
Depreciation
$3,192
$7,007
+120%
Other
$1,701,053
$1,684,735
-1%
Total Expenses
$2,965,634
$4,362,788
+47%
Net income
2023
2024
Change
Net income
+$1,401,898
+$31,099
-98%
Functional Expenses
Summary
2023
2024
Change
Program
$2,416,474
$3,880,630
+61%
Admin
$489,252
$426,391
-13%
Fundraising
$59,908
$55,767
-7%
Total Expenses
$2,965,634
$4,362,788
+47%
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