Global Impact Ministries Inc DBA LOVE LIFE
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,154,725
Cash & Equivalents
87%
Receivables (Non-Related)
11%
Property, Plant, & Equipment (net)
2%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$67,101
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$842,690
$1,002,718
+19%
Receivables (Non-Related)
$107,253
$123,752
+15%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$0
$0
-
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$21,828
$28,255
+29%
Other Assets
$0
$0
-
Total Assets
$971,771
$1,154,725
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$125,817
$67,101
-47%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$125,817
$67,101
-47%
Net assets
2023
2024
Change
Restricted Net Assets
$530,723
$704,665
+33%
Unrestricted Net Assets
$315,231
$382,959
+21%
Net assets
2023
2024
Change
Net assets
+$845,954
+$1,087,624
+29%
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