NEW LIFE MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,445,508
Contributions
76%
Program Services
23%
Other
1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,640,656
Salaries & Benefits
40%
Other
40%
Fees to Service Providers
9%
Offices, Occupancy & IT
9%
Advertising & Promotion
1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,018,097
$5,652,620
-6%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$2,429,538
$1,704,623
-30%
Membership Dues
$0
$0
-
Investments
$5,302
$8,347
+57%
Other
$68,762
$79,918
+16%
Total Revenues
$8,521,699
$7,445,508
-13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,221,995
$3,069,496
-5%
Fees to Service Providers
$742,777
$697,914
-6%
Advertising & Promotion
$137,459
$108,587
-21%
Offices, Occupancy & IT
$635,151
$666,382
+5%
Interest
$1,205
$3,014
+150%
Depreciation
$56,379
$43,091
-24%
Other
$3,888,727
$3,052,172
-22%
Total Expenses
$8,683,693
$7,640,656
-12%
Net income
2023
2024
Change
Net income
-$161,994
-$195,148
-20%
Functional Expenses
Summary
2023
2024
Change
Program
$6,684,308
$5,482,747
-18%
Admin
$1,038,922
$1,144,193
+10%
Fundraising
$960,463
$1,013,716
+6%
Total Expenses
$8,683,693
$7,640,656
-12%
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