Love Never Fails Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,319,228
Contributions
>99%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$4,395,341
Salaries & Benefits
58%
Other
21%
Fees to Service Providers
16%
Offices, Occupancy & IT
3%
Advertising & Promotion
1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,822,819
$4,319,228
+13%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$3,822,819
$4,319,228
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,950,968
$2,535,828
+30%
Fees to Service Providers
$648,881
$700,414
+8%
Advertising & Promotion
$52,491
$58,881
+12%
Offices, Occupancy & IT
$199,862
$148,454
-26%
Interest
$0
$0
-
Depreciation
$5,035
$10,515
+109%
Other
$592,105
$941,249
+59%
Total Expenses
$3,449,342
$4,395,341
+27%
Net income
2023
2024
Change
Net income
+$373,477
-$76,113
-120%
Functional Expenses
Summary
2023
2024
Change
Program
$2,587,009
$3,296,509
+27%
Admin
$862,333
$1,098,832
+27%
Fundraising
$0
$0
-
Total Expenses
$3,449,342
$4,395,341
+27%
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