MERCY GATE MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,515,878
Contributions
90%
Fundraising Events
8%
Other
2%
Investments
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$781,478
Salaries & Benefits
48%
Other
24%
Offices, Occupancy & IT
11%
Fees to Service Providers
9%
Depreciation
6%
Interest
2%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$619,609
$1,363,440
+120%
Government Grants
$0
$0
-
Fundraising Events
$49,500
$125,338
+153%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$19
$300
+1479%
Other
$18,079
$26,800
+48%
Total Revenues
$687,207
$1,515,878
+121%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$275,304
$371,713
+35%
Fees to Service Providers
$64,438
$67,794
+5%
Advertising & Promotion
$16,348
$3,756
-77%
Offices, Occupancy & IT
$85,676
$88,762
+4%
Interest
$21,604
$17,503
-19%
Depreciation
$39,884
$43,973
+10%
Other
$184,294
$187,977
+2%
Total Expenses
$687,548
$781,478
+14%
Net income
2023
2024
Change
Net income
-$341
+$734,400
-215467%
Functional Expenses
Summary
2023
2024
Change
Program
$551,378
$625,984
+14%
Admin
$82,226
$88,649
+8%
Fundraising
$53,944
$66,845
+24%
Total Expenses
$687,548
$781,478
+14%
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