HOPE FOR NEW HAVEN INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,049,169
Government Grants
60%
Program Services
40%
Investments
<1%
Membership Dues
<1%
Contributions
0%
Fundraising Events
0%
Other
0%
Expenses in 2024
$2,858,136
Salaries & Benefits
65%
Grants
18%
Offices, Occupancy & IT
9%
Other
8%
Fees to Service Providers
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$267,403
$0
-100%
Government Grants
$1,027,109
$1,814,903
+77%
Fundraising Events
$0
$0
-
Program Services
$740,160
$1,214,504
+64%
Membership Dues
$10,227
$8,023
-22%
Investments
$6,649
$11,739
+77%
Other
$0
$0
-
Total Revenues
$2,051,548
$3,049,169
+49%
Expenses
2023
2024
Change
Grants
$528,000
$500,973
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,230,864
$1,859,270
+51%
Fees to Service Providers
$20,195
$11,690
-42%
Advertising & Promotion
$2,568
$149
-94%
Offices, Occupancy & IT
$288,116
$263,092
-9%
Interest
$4,125
$7,051
+71%
Depreciation
$0
$0
-
Other
$172,746
$215,911
+25%
Total Expenses
$2,246,614
$2,858,136
+27%
Net income
2023
2024
Change
Net income
-$195,066
+$191,033
-198%
Functional Expenses
Summary
2023
2024
Change
Program
$1,988,095
$2,310,582
+16%
Admin
$258,519
$547,554
+112%
Fundraising
$0
$0
-
Total Expenses
$2,246,614
$2,858,136
+27%
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