LUTHER HOUSE OF STUDY
Income Statement
Fiscal Year Start:
Apr 1
Revenues in 2024
$1,636,096
Contributions
99%
Investments
<1%
Other
<1%
Program Services
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$847,098
Salaries & Benefits
49%
Other
38%
Fees to Service Providers
7%
Advertising & Promotion
4%
Grants
1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,049,382
$1,614,153
+54%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$600
$600
+0%
Membership Dues
$0
$0
-
Investments
$7,230
$15,074
+108%
Other
$1,098
$6,269
+471%
Total Revenues
$1,058,310
$1,636,096
+55%
Expenses
2023
2024
Change
Grants
$33,050
$10,135
-69%
Benefits to Members
$0
$0
-
Salaries & Benefits
$463,119
$417,623
-10%
Fees to Service Providers
$68,880
$58,706
-15%
Advertising & Promotion
$31,907
$35,713
+12%
Offices, Occupancy & IT
$23,387
$6,700
-71%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$281,636
$318,221
+13%
Total Expenses
$901,979
$847,098
-6%
Net income
2023
2024
Change
Net income
+$156,331
+$788,998
+405%
Functional Expenses
Summary
2023
2024
Change
Program
$795,822
$736,587
-7%
Admin
$96,503
$96,734
+0%
Fundraising
$9,654
$13,777
+43%
Total Expenses
$901,979
$847,098
-6%
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