CARM Financial Statement

The Christian Apologetics and Research Ministry, Inc.
Profit & Loss  For the Years Ended
2007 2008 2009
Income
Donations 114,660.37 123,176.23 118,812.56
Interest Income 36.27 6.91 3.58
Internet Schools 36,825.00 26,427.50 24,516.60
Other Income 4,250.00 20,583.71
Sales 14,880.28 11,022.46
Total Income $ 151,521.64 $ 168,740.92 $ 174,938.91
Expenses
Advertising 535.00 600.00
Automobile Expense 2,266.87 9,135.18 2,704.37
Bank Fees 4,780.94 6,117.83 6,316.69
Books & Literature 5,403.50 2,816.11 418.70
Broadcast fees 6,430.00 6,135.00 6,180.00
Computer Supplies 2,570.84 6,286.19 2,508.35
Contract Labor 5,000.00 12,260.00 22,334.86
Depreciation expense 1,071.00 2,385.80 1,871.28
Legal & Accounting 1,450.00 3,599.62 4,145.00
Meals & Entertainment 974.51 1,555.85 552.45
Miscellaneous Expense 35.00 100.00 989.69
Office Supplies 7,282.14 4,519.76 3,172.87
Payroll Expenses 79,083.00 91,417.48 92,373.89
Postage 1,095.33 1,187.93 687.17
Publication expense 2,909.09 4,224.03 5,493.25
Rent - Office 9,800.00 9,600.00 5,389.22
Telecommunications 2,783.45 2,628.20 3,645.41
Travel 3,163.73 3,962.60 497.75
Total Expenses $ 136,634.40 $ 168,531.58 $ 159,280.95
Net Income $ 14,887.24 $ 209.34 $ 15,657.96