GOOD LIFE MINISTRIES
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$2,307,072
Contributions
59%
Other
34%
Fundraising Events
4%
Investments
3%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,233,860
Grants
52%
Salaries & Benefits
23%
Offices, Occupancy & IT
16%
Other
5%
Fees to Service Providers
3%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,501,821
$1,371,395
-9%
Government Grants
$0
$0
-
Fundraising Events
$116,265
$92,018
-21%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$31,249
$61,770
+98%
Other
-$22,437
$781,889
-3585%
Total Revenues
$1,626,898
$2,307,072
+42%
Expenses
2023
2024
Change
Grants
$1,226,976
$1,158,730
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$94,720
$524,934
+454%
Fees to Service Providers
$31,972
$68,220
+113%
Advertising & Promotion
$7,817
$3,517
-55%
Offices, Occupancy & IT
$25,709
$354,689
+1280%
Interest
$0
$0
-
Depreciation
$0
$13,690
-
Other
$91,831
$110,080
+20%
Total Expenses
$1,479,025
$2,233,860
+51%
Net income
2023
2024
Change
Net income
+$147,873
+$73,212
-50%
Functional Expenses
Summary
2023
2024
Change
Program
$1,339,998
$2,068,334
+54%
Admin
$83,236
$105,566
+27%
Fundraising
$55,791
$59,960
+7%
Total Expenses
$1,479,025
$2,233,860
+51%
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