Logo for "Lutheran Family Services in the Carolinas"

Lutheran Family Services in the Carolinas

Lutheran Family Services in the Carolinas

Salisbury, NC, US
501(c)(3)
EIN
56-1286323
Subordinate Organization
Logo for "Lutheran Family Services in the Carolinas"

Lutheran Family Services in the Carolinas

Salisbury, NC, US
501(c)(3)
EIN
56-1286323
Subordinate Organization

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024

$44,812,986

Government Grants
51%
Program Services
43%
Contributions
5%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$44,377,943

Salaries & Benefits
45%
Grants
20%
Other
15%
Fees to Service Providers
13%
Offices, Occupancy & IT
7%
Depreciation
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,180,173
$2,319,769
-27%
Government Grants
$13,822,642
$22,763,122
+65%
Fundraising Events
$0
$0
-
Program Services
$19,488,913
$19,355,965
-1%
Membership Dues
$0
$0
-
Investments
$9,284
$12,231
+32%
Other
$472,012
$361,899
-23%
Total Revenues
$36,973,024
$44,812,986
+21%
Expenses
2023
2024
Change
Grants
$4,658,955
$9,084,306
+95%
Benefits to Members
$0
$0
-
Salaries & Benefits
$17,131,454
$20,032,409
+17%
Fees to Service Providers
$4,415,954
$5,586,690
+27%
Advertising & Promotion
$129,089
$56,466
-56%
Offices, Occupancy & IT
$2,663,278
$2,980,501
+12%
Interest
$7,366
$5,313
-28%
Depreciation
$86,149
$102,321
+19%
Other
$5,663,610
$6,529,937
+15%
Total Expenses
$34,755,855
$44,377,943
+28%
Net income
2023
2024
Change
Net income
+$2,217,169
+$435,043
-80%
Functional Expenses
Summary
2023
2024
Change
Program
$30,055,840
$37,772,286
+26%
Admin
$4,700,015
$6,605,657
+41%
Fundraising
$0
$0
-
Total Expenses
$34,755,855
$44,377,943
+28%
Income Statement
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