New Life Center
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,973,726
Government Grants
53%
Contributions
40%
Other
5%
Investments
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$4,760,150
Salaries & Benefits
53%
Other
18%
Offices, Occupancy & IT
14%
Fees to Service Providers
10%
Depreciation
5%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,382,242
$2,397,743
+73%
Government Grants
$2,382,981
$3,195,192
+34%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$65,210
$99,691
+53%
Other
$144,911
$281,100
+94%
Total Revenues
$3,975,344
$5,973,726
+50%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,081,194
$2,515,892
+21%
Fees to Service Providers
$493,815
$464,929
-6%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$560,719
$660,895
+18%
Interest
$0
$0
-
Depreciation
$232,747
$250,573
+8%
Other
$774,339
$867,861
+12%
Total Expenses
$4,142,814
$4,760,150
+15%
Net income
2023
2024
Change
Net income
-$167,470
+$1,213,576
-825%
Functional Expenses
Summary
2023
2024
Change
Program
$3,392,041
$3,993,453
+18%
Admin
$419,678
$448,031
+7%
Fundraising
$331,095
$318,666
-4%
Total Expenses
$4,142,814
$4,760,150
+15%
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