Grace House Ministries Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,473,170
Contributions
78%
Program Services
16%
Other
5%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$2,744,405
Salaries & Benefits
54%
Other
33%
Fees to Service Providers
6%
Depreciation
5%
Offices, Occupancy & IT
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$3,623,331
$4,294,069
+19%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$919,228
$879,462
-4%
Membership Dues
$0
$0
-
Investments
$568
$47,304
+8228%
Other
$187,934
$252,335
+34%
Total Revenues
$4,731,061
$5,473,170
+16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,433,759
$1,468,978
+2%
Fees to Service Providers
$157,683
$163,374
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$35,275
$58,913
+67%
Interest
$0
$6,471
-
Depreciation
$134,454
$144,459
+7%
Other
$771,037
$902,210
+17%
Total Expenses
$2,532,208
$2,744,405
+8%
Net income
2023
2024
Change
Net income
+$2,198,853
+$2,728,765
+24%
Functional Expenses
Summary
2023
2024
Change
Program
$2,022,827
$2,212,418
+9%
Admin
$220,055
$244,937
+11%
Fundraising
$289,326
$287,050
-1%
Total Expenses
$2,532,208
$2,744,405
+8%
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