Cornerstone Ministries Inc
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$13,195,689
Contributions
N/A
Fundraising Events
N/A
Program Services
N/A
Investments
N/A
Government Grants
N/A
Membership Dues
N/A
Expenses in 2024
$2,687,459
Other
79%
Interest
11%
Offices, Occupancy & IT
6%
Depreciation
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Fees to Service Providers
0%
Revenues
2023
2024
Change
Contributions
$14,011,636
$11,920,990
-15%
Government Grants
$0
$0
-
Fundraising Events
$909,771
$856,742
-6%
Program Services
$411,342
$443,770
+8%
Membership Dues
$0
$0
-
Investments
$54,349
$161,420
+197%
Other
-$162,641
-$187,233
+15%
Total Revenues
$15,224,457
$13,195,689
-13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$20,367
$21,825
+7%
Offices, Occupancy & IT
$117,296
$156,933
+34%
Interest
$203,944
$302,298
+48%
Depreciation
$78,429
$81,409
+4%
Other
$1,854,660
$2,124,994
+15%
Total Expenses
$2,274,696
$2,687,459
+18%
Net income
2023
2024
Change
Net income
+$12,949,761
+$10,508,230
-19%
Functional Expenses
Summary
2023
2024
Change
Program
$1,495,708
$1,779,064
+19%
Admin
$444,482
$493,563
+11%
Fundraising
$334,506
$414,832
+24%
Total Expenses
$2,274,696
$2,687,459
+18%
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