LIFE CHOICE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$579,740
Cash & Equivalents
86%
Property, Plant, & Equipment (net)
12%
Other Assets
2%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,838
Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$332,242
$499,714
+50%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$72,642
$69,026
-5%
Other Assets
$11,000
$11,000
+0%
Total Assets
$415,884
$579,740
+39%
Liabilities
2023
2024
Change
Payables & Accruals
$5,087
$3,838
-25%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$5,087
$3,838
-25%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$410,797
$575,902
+40%
Net assets
2023
2024
Change
Net assets
+$410,797
+$575,902
+40%
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