VOLUNTEER MINISTRY CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,142,162
Contributions
44%
Government Grants
36%
Fundraising Events
8%
Other
7%
Investments
4%
Program Services
2%
Membership Dues
0%
Expenses in 2024
$3,508,951
Salaries & Benefits
61%
Grants
14%
Fees to Service Providers
7%
Depreciation
7%
Other
6%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,229,646
$1,804,393
-19%
Government Grants
$1,994,773
$1,510,494
-24%
Fundraising Events
$302,499
$316,017
+4%
Program Services
$1,173,484
$62,617
-95%
Membership Dues
$0
$0
-
Investments
$141,926
$152,383
+7%
Other
$286,257
$296,258
+3%
Total Revenues
$6,128,585
$4,142,162
-32%
Expenses
2023
2024
Change
Grants
$366,014
$478,451
+31%
Benefits to Members
$0
$0
-
Salaries & Benefits
$483,446
$2,142,130
+343%
Fees to Service Providers
$235,621
$263,118
+12%
Advertising & Promotion
$16,268
$21,973
+35%
Offices, Occupancy & IT
$246,650
$121,694
-51%
Interest
$556
$12,398
+2130%
Depreciation
$245,459
$246,731
+1%
Other
$1,998,290
$222,456
-89%
Total Expenses
$3,592,304
$3,508,951
-2%
Net income
2023
2024
Change
Net income
+$2,536,281
+$633,211
-75%
Functional Expenses
Summary
2023
2024
Change
Program
$3,048,900
$2,801,574
-8%
Admin
$473,292
$579,646
+22%
Fundraising
$70,112
$127,731
+82%
Total Expenses
$3,592,304
$3,508,951
-2%
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