Liberty Educational Ministries Inc
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$31,092,300
Program Services
87%
Contributions
6%
Fundraising Events
4%
Other
2%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$28,582,865
Salaries & Benefits
55%
Other
26%
Grants
8%
Depreciation
8%
Offices, Occupancy & IT
2%
Interest
2%
Fees to Service Providers
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$1,904,787
$1,856,451
-3%
Government Grants
$0
$0
-
Fundraising Events
$1,155,542
$1,182,183
+2%
Program Services
$24,892,553
$27,101,671
+9%
Membership Dues
$0
$0
-
Investments
$98,709
$175,026
+77%
Other
$420,933
$776,969
+85%
Total Revenues
$28,472,524
$31,092,300
+9%
Expenses
2023
2024
Change
Grants
$853,941
$2,158,272
+153%
Benefits to Members
$0
$0
-
Salaries & Benefits
$15,565,996
$15,715,537
+1%
Fees to Service Providers
$153,634
$118,314
-23%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$581,950
$517,907
-11%
Interest
$591,051
$494,573
-16%
Depreciation
$2,161,757
$2,153,483
0%
Other
$7,003,980
$7,424,779
+6%
Total Expenses
$26,912,309
$28,582,865
+6%
Net income
2023
2024
Change
Net income
+$1,560,215
+$2,509,435
+61%
Functional Expenses
Summary
2023
2024
Change
Program
$21,195,206
$22,740,736
+7%
Admin
$4,375,560
$4,458,366
+2%
Fundraising
$1,341,543
$1,383,763
+3%
Total Expenses
$26,912,309
$28,582,865
+6%
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