MINNESOTA MASONIC CHARITIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$13,538,629
Contributions
>99%
Other
<1%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$31,165,792
Grants
91%
Salaries & Benefits
5%
Fees to Service Providers
2%
Offices, Occupancy & IT
2%
Other
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$715,016
$13,426,154
+1778%
Government Grants
$0
$0
-
Fundraising Events
$39,264
$52,000
+32%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$84,675
$60,475
-29%
Total Revenues
$838,955
$13,538,629
+1514%
Expenses
2023
2024
Change
Grants
$3,232,078
$28,222,204
+773%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,977,365
$1,640,115
-17%
Fees to Service Providers
$372,216
$504,717
+36%
Advertising & Promotion
$0
$51,263
-
Offices, Occupancy & IT
$260,966
$500,720
+92%
Interest
$0
$0
-
Depreciation
$8,630
$9,468
+10%
Other
$262,004
$237,305
-9%
Total Expenses
$6,113,259
$31,165,792
+410%
Net income
2023
2024
Change
Net income
-$5,274,304
-$17,627,163
-234%
Functional Expenses
Summary
2023
2024
Change
Program
$3,232,078
$28,222,204
+773%
Admin
$2,457,641
$2,765,849
+13%
Fundraising
$423,540
$177,739
-58%
Total Expenses
$6,113,259
$31,165,792
+410%
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