MERCY'S GATE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,501,316
Contributions
94%
Government Grants
2%
Program Services
2%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,372,652
Grants
53%
Salaries & Benefits
25%
Offices, Occupancy & IT
10%
Fees to Service Providers
8%
Other
3%
Depreciation
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,645,314
$1,416,756
-14%
Government Grants
$10,000
$35,000
+250%
Fundraising Events
$0
$0
-
Program Services
$0
$28,939
-
Membership Dues
$0
$0
-
Investments
$17,310
$20,621
+19%
Other
$2,620
$0
-100%
Total Revenues
$1,675,244
$1,501,316
-10%
Expenses
2023
2024
Change
Grants
$1,012,720
$722,346
-29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$318,305
$349,510
+10%
Fees to Service Providers
$9,088
$104,833
+1054%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$60,464
$138,421
+129%
Interest
$0
$0
-
Depreciation
$22,283
$20,332
-9%
Other
$208,240
$37,210
-82%
Total Expenses
$1,631,100
$1,372,652
-16%
Net income
2023
2024
Change
Net income
+$44,144
+$128,664
+191%
Functional Expenses
Summary
2023
2024
Change
Program
$1,233,815
$967,819
-22%
Admin
$241,010
$211,282
-12%
Fundraising
$156,275
$193,551
+24%
Total Expenses
$1,631,100
$1,372,652
-16%
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