Tim Lee Ministries
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$750,899
Contributions
90%
Other
8%
Investments
1%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$808,991
Salaries & Benefits
54%
Other
21%
Offices, Occupancy & IT
12%
Grants
8%
Fees to Service Providers
2%
Depreciation
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$780,776
$676,536
-13%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$6,890
-
Membership Dues
$0
$0
-
Investments
$9,026
$9,000
0%
Other
$110,414
$58,473
-47%
Total Revenues
$900,216
$750,899
-17%
Expenses
2023
2024
Change
Grants
$99,022
$63,722
-36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$447,062
$438,628
-2%
Fees to Service Providers
$5,000
$19,903
+298%
Advertising & Promotion
$1,040
$0
-100%
Offices, Occupancy & IT
$119,408
$97,054
-19%
Interest
$1,442
$0
-100%
Depreciation
$15,888
$15,770
-1%
Other
$353,453
$173,914
-51%
Total Expenses
$1,042,315
$808,991
-22%
Net income
2023
2024
Change
Net income
-$142,099
-$58,092
+59%
Functional Expenses
Summary
2023
2024
Change
Program
$865,702
$638,512
-26%
Admin
$176,613
$170,479
-3%
Fundraising
$0
$0
-
Total Expenses
$1,042,315
$808,991
-22%
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