LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA

LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA

Burlington, NC, US
501(c)3
EIN
56-1270984
Single Organization Support

LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA

Burlington, NC, US
501(c)3
EIN
56-1270984
Single Organization Support

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024

$51,936,950

Program Services
83%
Contributions
12%
Other
3%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$46,261,685

Salaries & Benefits
47%
Depreciation
19%
Offices, Occupancy & IT
11%
Other
9%
Interest
5%
Grants
4%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$267,460
$6,219,216
+2225%
Government Grants
$5,118,623
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$40,516,319
$43,109,399
+6%
Membership Dues
$0
$0
-
Investments
$623,844
$1,259,704
+102%
Other
$389,037
$1,348,631
+247%
Total Revenues
$46,915,283
$51,936,950
+11%
Expenses
2023
2024
Change
Grants
$1,892,072
$1,945,756
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$20,615,570
$21,927,273
+6%
Fees to Service Providers
$1,542,492
$1,586,384
+3%
Advertising & Promotion
$123,529
$130,326
+6%
Offices, Occupancy & IT
$4,981,112
$5,131,001
+3%
Interest
$2,465,980
$2,441,958
-1%
Depreciation
$8,804,858
$8,961,636
+2%
Other
$3,640,160
$4,137,351
+14%
Total Expenses
$44,065,773
$46,261,685
+5%
Net income
2023
2024
Change
Net income
+$2,849,510
+$5,675,265
+99%
Functional Expenses
Summary
2023
2024
Change
Program
$40,207,040
$42,560,829
+6%
Admin
$3,745,863
$3,586,032
-4%
Fundraising
$112,870
$114,824
+2%
Total Expenses
$44,065,773
$46,261,685
+5%
Income Statement
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)