NATIONAL LUTHERAN INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,790,957
Program Services
92%
Other
7%
Investments
<1%
Contributions
<1%
Government Grants
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,249,355
Salaries & Benefits
55%
Other
23%
Offices, Occupancy & IT
14%
Fees to Service Providers
8%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$58,995
$30,048
-49%
Government Grants
$14,100
$14,100
+0%
Fundraising Events
$0
$0
-
Program Services
$7,897,201
$8,121,520
+3%
Membership Dues
$0
$0
-
Investments
$9,423
$37,389
+297%
Other
$576,920
$587,900
+2%
Total Revenues
$8,556,639
$8,790,957
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,913,368
$4,509,433
-35%
Fees to Service Providers
$529,178
$632,868
+20%
Advertising & Promotion
$44,179
$36,512
-17%
Offices, Occupancy & IT
$1,232,317
$1,114,014
-10%
Interest
$0
$31,823
-
Depreciation
$24,661
$36,575
+48%
Other
$1,295,006
$1,888,130
+46%
Total Expenses
$10,038,709
$8,249,355
-18%
Net income
2023
2024
Change
Net income
-$1,482,070
+$541,602
-137%
Functional Expenses
Summary
2023
2024
Change
Program
$4,260,903
$3,171,679
-26%
Admin
$5,768,654
$5,075,628
-12%
Fundraising
$9,152
$2,048
-78%
Total Expenses
$10,038,709
$8,249,355
-18%
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