PRESTON TAYLOR MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,458,575
Contributions
86%
Fundraising Events
8%
Other
5%
Investments
<1%
Government Grants
<1%
Program Services
<1%
Membership Dues
0%
Expenses in 2024
$1,582,072
Salaries & Benefits
71%
Other
12%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Depreciation
4%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,444,502
$1,249,049
-14%
Government Grants
$161,571
$9,500
-94%
Fundraising Events
$12,298
$112,361
+814%
Program Services
$3,619
$7,736
+114%
Membership Dues
$0
$0
-
Investments
$1,923
$10,011
+421%
Other
$22,877
$69,918
+206%
Total Revenues
$1,646,790
$1,458,575
-11%
Expenses
2023
2024
Change
Grants
$3,688
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,136,857
$1,127,164
-1%
Fees to Service Providers
$80,362
$115,233
+43%
Advertising & Promotion
$0
$4,356
-
Offices, Occupancy & IT
$69,830
$84,526
+21%
Interest
$5,507
$4,937
-10%
Depreciation
$55,537
$55,376
0%
Other
$185,303
$190,480
+3%
Total Expenses
$1,537,084
$1,582,072
+3%
Net income
2023
2024
Change
Net income
+$109,706
-$123,497
-213%
Functional Expenses
Summary
2023
2024
Change
Program
$1,197,505
$1,301,024
+9%
Admin
$198,875
$182,205
-8%
Fundraising
$140,704
$98,843
-30%
Total Expenses
$1,537,084
$1,582,072
+3%
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