FAITH IN MINNESOTA
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,828,825
Contributions
94%
Program Services
4%
Investments
2%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,817,891
Salaries & Benefits
32%
Fees to Service Providers
32%
Other
26%
Advertising & Promotion
8%
Offices, Occupancy & IT
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,781,026
$2,670,004
+50%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$10,957
$110,023
+904%
Membership Dues
$0
$0
-
Investments
$8,145
$47,798
+487%
Other
$0
$1,000
-
Total Revenues
$1,800,128
$2,828,825
+57%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$307,304
$576,531
+88%
Fees to Service Providers
$638,122
$573,049
-10%
Advertising & Promotion
$150,795
$145,342
-4%
Offices, Occupancy & IT
$46,616
$58,280
+25%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$429,944
$464,689
+8%
Total Expenses
$1,572,781
$1,817,891
+16%
Net income
2023
2024
Change
Net income
+$227,347
+$1,010,934
+345%
Functional Expenses
Summary
2023
2024
Change
Program
$1,429,533
$1,593,822
+11%
Admin
$98,671
$150,288
+52%
Fundraising
$44,577
$73,781
+66%
Total Expenses
$1,572,781
$1,817,891
+16%
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