Must Ministries Inc
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$23,023,834
Contributions
73%
Government Grants
17%
Fundraising Events
4%
Other
2%
Investments
1%
Program Services
1%
Membership Dues
0%
Expenses in 2025
$23,852,496
Grants
46%
Salaries & Benefits
32%
Offices, Occupancy & IT
11%
Depreciation
5%
Other
3%
Fees to Service Providers
2%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$17,017,066
$16,911,347
-1%
Government Grants
$5,433,830
$4,018,046
-26%
Fundraising Events
$1,071,442
$1,015,895
-5%
Program Services
$236,418
$231,877
-2%
Membership Dues
$0
$0
-
Investments
$332,712
$305,428
-8%
Other
$433,133
$541,241
+25%
Total Revenues
$24,524,601
$23,023,834
-6%
Expenses
2024
2025
Change
Grants
$13,474,138
$11,061,650
-18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,247,588
$7,529,037
+4%
Fees to Service Providers
$302,033
$457,008
+51%
Advertising & Promotion
$45,065
$55,374
+23%
Offices, Occupancy & IT
$1,911,747
$2,700,741
+41%
Interest
$158,151
$178,742
+13%
Depreciation
$1,111,313
$1,269,742
+14%
Other
$700,647
$600,202
-14%
Total Expenses
$24,950,682
$23,852,496
-4%
Net income
2024
2025
Change
Net income
-$426,081
-$828,662
-94%
Functional Expenses
Summary
2024
2025
Change
Program
$21,706,004
$20,745,513
-4%
Admin
$1,746,469
$1,528,992
-12%
Fundraising
$1,498,209
$1,577,991
+5%
Total Expenses
$24,950,682
$23,852,496
-4%
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