METROPOLITAN LUTHERAN MINISTRY
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$9,813,456
Government Grants
56%
Contributions
40%
Investments
3%
Fundraising Events
<1%
Program Services
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$8,630,071
Grants
73%
Salaries & Benefits
21%
Offices, Occupancy & IT
3%
Other
1%
Fees to Service Providers
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,016,174
$3,904,848
-3%
Government Grants
$4,489,405
$5,482,887
+22%
Fundraising Events
$166,646
$96,476
-42%
Program Services
$23,955
$31,113
+30%
Membership Dues
$0
$0
-
Investments
$169,584
$279,607
+65%
Other
-$32,915
$18,525
-156%
Total Revenues
$8,832,849
$9,813,456
+11%
Expenses
2023
2024
Change
Grants
$5,852,652
$6,320,036
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,658,836
$1,839,931
+11%
Fees to Service Providers
$60,737
$67,472
+11%
Advertising & Promotion
$2,269
$88
-96%
Offices, Occupancy & IT
$211,689
$259,114
+22%
Interest
$0
$0
-
Depreciation
$65,560
$56,395
-14%
Other
$97,082
$87,035
-10%
Total Expenses
$7,948,825
$8,630,071
+9%
Net income
2023
2024
Change
Net income
+$884,024
+$1,183,385
+34%
Functional Expenses
Summary
2023
2024
Change
Program
$7,255,223
$7,840,194
+8%
Admin
$424,539
$495,055
+17%
Fundraising
$269,063
$294,823
+10%
Total Expenses
$7,948,825
$8,630,071
+9%
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