Spirit of Faith Adoptions Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$525,620
Program Services
58%
Contributions
36%
Other
6%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$422,036
Salaries & Benefits
42%
Fees to Service Providers
34%
Other
20%
Offices, Occupancy & IT
4%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$167,040
$190,004
+14%
Government Grants
$31,124
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$231,369
$303,785
+31%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$6,111
$31,831
+421%
Total Revenues
$435,644
$525,620
+21%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$87,892
$178,196
+103%
Fees to Service Providers
$178,048
$141,775
-20%
Advertising & Promotion
$401
$0
-100%
Offices, Occupancy & IT
$24,389
$16,853
-31%
Interest
$0
$0
-
Depreciation
-$581
$1,056
-282%
Other
$39,587
$84,156
+113%
Total Expenses
$329,736
$422,036
+28%
Net income
2023
2024
Change
Net income
+$105,908
+$103,584
-2%
Functional Expenses
Summary
2023
2024
Change
Program
$275,043
$367,473
+34%
Admin
$54,693
$54,563
0%
Fundraising
$0
$0
-
Total Expenses
$329,736
$422,036
+28%
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