LIFE CHOICE MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$527,735
Contributions
76%
Other
22%
Investments
3%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$359,014
Salaries & Benefits
43%
Grants
26%
Offices, Occupancy & IT
20%
Other
5%
Advertising & Promotion
5%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$268,751
$398,872
+48%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$500
$1,500
+200%
Membership Dues
$0
$0
-
Investments
$4,498
$13,291
+195%
Other
$77,557
$114,072
+47%
Total Revenues
$351,306
$527,735
+50%
Expenses
2023
2024
Change
Grants
$85,247
$93,423
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$145,782
$156,035
+7%
Fees to Service Providers
$1,350
$1,415
+5%
Advertising & Promotion
$4,380
$16,325
+273%
Offices, Occupancy & IT
$82,637
$73,455
-11%
Interest
$0
$0
-
Depreciation
$3,707
$0
-100%
Other
$16,623
$18,361
+10%
Total Expenses
$339,726
$359,014
+6%
Net income
2023
2024
Change
Net income
+$11,580
+$168,721
+1357%
Functional Expenses
Summary
2023
2024
Change
Program
$277,877
$296,361
+7%
Admin
$46,004
$47,796
+4%
Fundraising
$15,845
$14,857
-6%
Total Expenses
$339,726
$359,014
+6%
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