THE MINISTRY OF CARING INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,477,609
Contributions
34%
Government Grants
34%
Program Services
15%
Other
9%
Investments
7%
Fundraising Events
2%
Membership Dues
0%
Expenses in 2024
$10,524,172
Salaries & Benefits
60%
Depreciation
12%
Other
11%
Fees to Service Providers
7%
Offices, Occupancy & IT
6%
Grants
3%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,819,077
$3,572,708
-6%
Government Grants
$3,914,328
$3,554,712
-9%
Fundraising Events
$235,660
$165,308
-30%
Program Services
$1,191,021
$1,520,287
+28%
Membership Dues
$0
$0
-
Investments
$451,686
$753,870
+67%
Other
$369,310
$910,724
+147%
Total Revenues
$9,981,082
$10,477,609
+5%
Expenses
2023
2024
Change
Grants
$441,053
$296,869
-33%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,975,259
$6,364,043
+7%
Fees to Service Providers
$606,582
$692,000
+14%
Advertising & Promotion
$12,866
$1,309
-90%
Offices, Occupancy & IT
$640,129
$671,795
+5%
Interest
$9,188
$18,905
+106%
Depreciation
$1,202,209
$1,311,861
+9%
Other
$1,231,236
$1,167,390
-5%
Total Expenses
$10,118,522
$10,524,172
+4%
Net income
2023
2024
Change
Net income
-$137,440
-$46,563
+66%
Functional Expenses
Summary
2023
2024
Change
Program
$7,640,104
$8,057,126
+5%
Admin
$2,028,815
$2,008,472
-1%
Fundraising
$449,603
$458,574
+2%
Total Expenses
$10,118,522
$10,524,172
+4%
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