GRACEWORKS MINISTRIES INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$12,679,207
Contributions
82%
Other
17%
Investments
<1%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,060,726
Other
68%
Salaries & Benefits
22%
Offices, Occupancy & IT
8%
Depreciation
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$9,389,771
$10,403,213
+11%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$51,566
$68,337
+33%
Membership Dues
$0
$0
-
Investments
$129,780
$98,015
-24%
Other
$2,106,971
$2,109,642
+0%
Total Revenues
$11,678,088
$12,679,207
+9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,179,281
$2,647,319
+21%
Fees to Service Providers
$64,012
$70,856
+11%
Advertising & Promotion
$16,811
$49,218
+193%
Offices, Occupancy & IT
$479,066
$949,988
+98%
Interest
$0
$0
-
Depreciation
$94,981
$98,584
+4%
Other
$8,763,927
$8,244,761
-6%
Total Expenses
$11,598,078
$12,060,726
+4%
Net income
2023
2024
Change
Net income
+$80,010
+$618,481
+673%
Functional Expenses
Summary
2023
2024
Change
Program
$10,679,793
$10,936,109
+2%
Admin
$428,519
$455,794
+6%
Fundraising
$489,766
$668,823
+37%
Total Expenses
$11,598,078
$12,060,726
+4%
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