Income and Expenses
Wheat Ridge Ministries receives donations from individuals, congregations, schools and organizations. These range from gifts as small as one dollar to major gifts in the thousands of dollars. Wheat Ridge also receives gifts from estates and trusts.
In addition to contributory revenues, a portion of Wheat Ridge Ministries’ income comes from earnings it receives on invested funds. These funds are largely the result of the resources Wheat Ridge received from the sale of the Wheat Ridge Tuberculosis Sanatorium many years ago, and a growing amount of gifts for endowment.
Total fiscal year 2011 operating revenues of $3,205,115 were received from the following sources:
When expenditures are made for the purpose intended by a donor, monies are drawn from the restricted funds, and reported as revenue in the operating fund.
Contributory revenues, including donations received for specific purposes, totaled $2,292,938 and were received from the following sources:
Total fiscal year 2011 operating expenses were $3,096,320 of which $2,087,882 was spent on program activities and $1,008,438 on management and fundraising costs as detailed in the chart below:
In fiscal year 2011, the amount invested in program activities approximated the contributions received. Wheat Ridge Ministries works to invest all contributed dollars in programmatic work and fund administrative and fundraising costs with withdrawals from our investment portfolio and other resources. Program expenses were spent in the following areas:
