BETHEL LUTHERAN HOME
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,654,329
Program Services
97%
Government Grants
2%
Other
<1%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,045,010
Salaries & Benefits
53%
Fees to Service Providers
22%
Other
14%
Depreciation
5%
Offices, Occupancy & IT
3%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$808
$0
-100%
Government Grants
$260,485
$119,926
-54%
Fundraising Events
$0
$0
-
Program Services
$6,032,325
$6,476,536
+7%
Membership Dues
$0
$0
-
Investments
$191
$11,733
+6043%
Other
$77,138
$46,134
-40%
Total Revenues
$6,370,947
$6,654,329
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,431,380
$3,733,079
+9%
Fees to Service Providers
$1,917,490
$1,533,456
-20%
Advertising & Promotion
$19,444
$16,499
-15%
Offices, Occupancy & IT
$254,672
$246,239
-3%
Interest
$162,888
$158,242
-3%
Depreciation
$356,787
$366,227
+3%
Other
$913,096
$991,268
+9%
Total Expenses
$7,055,757
$7,045,010
0%
Net income
2023
2024
Change
Net income
-$684,810
-$390,681
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$5,571,270
$5,457,161
-2%
Admin
$1,436,308
$1,536,493
+7%
Fundraising
$48,179
$51,356
+7%
Total Expenses
$7,055,757
$7,045,010
0%
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