THE CHALLENGE PROGRAM INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$1,872,964
Contributions
92%
Other
5%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2025
$1,763,850
Salaries & Benefits
61%
Grants
26%
Other
8%
Offices, Occupancy & IT
4%
Fees to Service Providers
2%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$1,569,137
$1,716,626
+9%
Government Grants
$117,388
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$18,133
$55,131
+204%
Other
$66,512
$101,207
+52%
Total Revenues
$1,771,170
$1,872,964
+6%
Expenses
2024
2025
Change
Grants
$428,682
$452,003
+5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$994,417
$1,075,708
+8%
Fees to Service Providers
$65,632
$28,780
-56%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$60,871
$63,065
+4%
Interest
$0
$0
-
Depreciation
$10,388
$9,400
-10%
Other
$134,405
$134,894
+0%
Total Expenses
$1,694,395
$1,763,850
+4%
Net income
2024
2025
Change
Net income
+$76,775
+$109,114
+42%
Functional Expenses
Summary
2024
2025
Change
Program
$1,023,492
$1,213,264
+19%
Admin
$162,915
$133,622
-18%
Fundraising
$507,988
$416,964
-18%
Total Expenses
$1,694,395
$1,763,850
+4%
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