CITYTEAM MINISTRIES
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$44,260,555
Contributions
86%
Government Grants
4%
Program Services
3%
Fundraising Events
3%
Investments
2%
Other
1%
Membership Dues
0%
Expenses in 2024
$36,832,557
Grants
52%
Salaries & Benefits
24%
Offices, Occupancy & IT
8%
Fees to Service Providers
8%
Depreciation
5%
Other
4%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$38,285,854
$38,092,096
-1%
Government Grants
$0
$1,789,538
-
Fundraising Events
$1,035,355
$1,269,114
+23%
Program Services
$1,303,276
$1,522,386
+17%
Membership Dues
$0
$0
-
Investments
$866,563
$1,077,626
+24%
Other
$411,405
$509,795
+24%
Total Revenues
$41,902,453
$44,260,555
+6%
Expenses
2023
2024
Change
Grants
$20,054,453
$19,152,684
-4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,999,116
$8,749,473
+9%
Fees to Service Providers
$2,313,144
$2,847,581
+23%
Advertising & Promotion
$103,267
$91,542
-11%
Offices, Occupancy & IT
$2,988,881
$2,902,299
-3%
Interest
$41,412
$31,585
-24%
Depreciation
$1,267,635
$1,673,551
+32%
Other
$1,725,799
$1,383,842
-20%
Total Expenses
$36,493,707
$36,832,557
+1%
Net income
2023
2024
Change
Net income
+$5,408,746
+$7,427,998
+37%
Functional Expenses
Summary
2023
2024
Change
Program
$30,598,368
$30,571,899
0%
Admin
$2,526,686
$2,777,633
+10%
Fundraising
$3,368,653
$3,483,025
+3%
Total Expenses
$36,493,707
$36,832,557
+1%
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