HORIZON INITIATIVE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$3,155,768
Contributions
68%
Other
22%
Fundraising Events
5%
Program Services
5%
Government Grants
0%
Membership Dues
0%
Investments
0%
Expenses in 2023
$10,561,697
Other
53%
Grants
28%
Salaries & Benefits
10%
Fees to Service Providers
5%
Offices, Occupancy & IT
2%
Interest
1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Revenues
2022
2023
Change
Contributions
$1,010,967
$2,141,920
+112%
Government Grants
$0
$0
-
Fundraising Events
$287,890
$155,764
-46%
Program Services
$268,982
$154,890
-42%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$385,158
$703,194
+83%
Total Revenues
$1,952,997
$3,155,768
+62%
Expenses
2022
2023
Change
Grants
$1,818,386
$2,919,125
+61%
Benefits to Members
$0
$0
-
Salaries & Benefits
$821,579
$1,097,234
+34%
Fees to Service Providers
$213,840
$554,720
+159%
Advertising & Promotion
$46,852
$91,294
+95%
Offices, Occupancy & IT
$231,282
$214,476
-7%
Interest
$99,568
$125,348
+26%
Depreciation
$4,488
$725
-84%
Other
$135,481
$5,558,775
+4003%
Total Expenses
$3,371,476
$10,561,697
+213%
Net income
2022
2023
Change
Net income
-$1,418,479
-$7,405,929
-422%
Functional Expenses
Summary
2022
2023
Change
Program
$2,421,235
$3,734,298
+54%
Admin
$639,408
$6,415,696
+903%
Fundraising
$310,833
$411,703
+32%
Total Expenses
$3,371,476
$10,561,697
+213%
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