TERRY LAW MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,143,304
Contributions
94%
Investments
3%
Other
3%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,960,414
Other
43%
Salaries & Benefits
27%
Offices, Occupancy & IT
13%
Fees to Service Providers
13%
Depreciation
2%
Advertising & Promotion
1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,531,063
$2,015,430
-20%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$244
$779
+219%
Membership Dues
$0
$0
-
Investments
$29,982
$65,026
+117%
Other
$1,867
$62,069
+3225%
Total Revenues
$2,563,156
$2,143,304
-16%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$553,667
$530,979
-4%
Fees to Service Providers
$171,879
$255,825
+49%
Advertising & Promotion
$2,393
$26,856
+1022%
Offices, Occupancy & IT
$253,846
$263,391
+4%
Interest
$14,531
$11,707
-19%
Depreciation
$37,314
$38,007
+2%
Other
$1,151,856
$833,649
-28%
Total Expenses
$2,185,486
$1,960,414
-10%
Net income
2023
2024
Change
Net income
+$377,670
+$182,890
-52%
Functional Expenses
Summary
2023
2024
Change
Program
$1,970,920
$1,751,576
-11%
Admin
$111,430
$131,023
+18%
Fundraising
$103,136
$77,815
-25%
Total Expenses
$2,185,486
$1,960,414
-10%
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