Love Never Fails Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,849,152
Receivables (Non-Related)
37%
Property, Plant, & Equipment (net)
29%
Cash & Equivalents
17%
Other Assets
17%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,267,106
Other Liabilities
>99%
Payables & Accruals
0%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$252,903
$320,715
+27%
Receivables (Non-Related)
$404,340
$675,210
+67%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$546,961
$540,447
-1%
Other Assets
$235,956
$312,780
+33%
Total Assets
$1,440,160
$1,849,152
+28%
Liabilities
2023
2024
Change
Payables & Accruals
-
-
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$782,001
$1,267,106
+62%
Total Liabilities
$782,001
$1,267,106
+62%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$658,159
$582,046
-12%
Net assets
2023
2024
Change
Net assets
+$658,159
+$582,046
-12%
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