TRULY FED MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$880,742
Contributions
88%
Fundraising Events
12%
Other
<1%
Investments
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,017,532
Grants
52%
Other
19%
Salaries & Benefits
15%
Fees to Service Providers
9%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,027,461
$775,358
-25%
Government Grants
$0
$0
-
Fundraising Events
$90,355
$102,808
+14%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$444
$19
-96%
Other
$7,089
$2,557
-64%
Total Revenues
$1,125,349
$880,742
-22%
Expenses
2023
2024
Change
Grants
$749,550
$533,037
-29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$47,819
$155,339
+225%
Fees to Service Providers
$60,059
$93,125
+55%
Advertising & Promotion
$3,846
$7,618
+98%
Offices, Occupancy & IT
$23,396
$36,116
+54%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$176,284
$192,297
+9%
Total Expenses
$1,060,954
$1,017,532
-4%
Net income
2023
2024
Change
Net income
+$64,395
-$136,790
-312%
Functional Expenses
Summary
2023
2024
Change
Program
$1,001,184
$756,762
-24%
Admin
$50,824
$148,786
+193%
Fundraising
$8,946
$102,598
+1047%
Total Expenses
$1,060,954
$1,017,532
-4%
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