GRINDSTONE MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,035,350
Contributions
98%
Other
2%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$1,150,335
Other
87%
Salaries & Benefits
5%
Depreciation
4%
Offices, Occupancy & IT
2%
Advertising & Promotion
2%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,124,774
$1,989,755
+77%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$16,151
$2,500
-85%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$45,451
$43,095
-5%
Total Revenues
$1,186,376
$2,035,350
+72%
Expenses
2023
2024
Change
Grants
$279,000
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$90,064
$59,110
-34%
Fees to Service Providers
$6,740
$5,176
-23%
Advertising & Promotion
$1,770
$18,404
+940%
Offices, Occupancy & IT
$22,308
$24,373
+9%
Interest
$0
$0
-
Depreciation
$32,632
$47,255
+45%
Other
$451,588
$996,017
+121%
Total Expenses
$884,102
$1,150,335
+30%
Net income
2023
2024
Change
Net income
+$302,274
+$885,015
+193%
Functional Expenses
Summary
2023
2024
Change
Program
$822,560
$1,083,788
+32%
Admin
$61,542
$66,547
+8%
Fundraising
$0
$0
-
Total Expenses
$884,102
$1,150,335
+30%
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