GRACE PLACE MINISTRY INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,451,055
Contributions
84%
Membership Dues
6%
Other
4%
Investments
4%
Government Grants
3%
Fundraising Events
0%
Program Services
0%
Expenses in 2024
$810,444
Salaries & Benefits
57%
Other
23%
Fees to Service Providers
11%
Offices, Occupancy & IT
6%
Depreciation
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,766,686
$2,049,634
+16%
Government Grants
$64,327
$68,871
+7%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$127,160
$151,310
+19%
Investments
$172,592
$86,228
-50%
Other
$90,599
$95,012
+5%
Total Revenues
$2,221,364
$2,451,055
+10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$421,809
$465,610
+10%
Fees to Service Providers
$175,640
$89,280
-49%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$43,396
$52,626
+21%
Interest
$0
$0
-
Depreciation
$17,010
$15,432
-9%
Other
$207,530
$187,496
-10%
Total Expenses
$865,385
$810,444
-6%
Net income
2023
2024
Change
Net income
+$1,355,979
+$1,640,611
+21%
Functional Expenses
Summary
2023
2024
Change
Program
$660,116
$604,303
-8%
Admin
$201,365
$202,502
+1%
Fundraising
$3,904
$3,639
-7%
Total Expenses
$865,385
$810,444
-6%
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