GATEWAY TO HOPE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,743,259
Contributions
67%
Government Grants
19%
Fundraising Events
9%
Investments
5%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$2,729,175
Salaries & Benefits
58%
Grants
14%
Fees to Service Providers
14%
Offices, Occupancy & IT
6%
Advertising & Promotion
5%
Other
3%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,364,985
$1,838,575
+35%
Government Grants
$235,200
$521,835
+122%
Fundraising Events
$249,223
$248,701
0%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$125,833
$134,148
+7%
Other
$0
$0
-
Total Revenues
$1,975,241
$2,743,259
+39%
Expenses
2023
2024
Change
Grants
$321,092
$391,094
+22%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,280,380
$1,570,710
+23%
Fees to Service Providers
$118,414
$376,591
+218%
Advertising & Promotion
$50,096
$138,911
+177%
Offices, Occupancy & IT
$98,127
$167,239
+70%
Interest
$0
$0
-
Depreciation
$3,158
$3,158
+0%
Other
$262,124
$81,472
-69%
Total Expenses
$2,133,391
$2,729,175
+28%
Net income
2023
2024
Change
Net income
-$158,150
+$14,084
-109%
Functional Expenses
Summary
2023
2024
Change
Program
$1,445,902
$1,977,327
+37%
Admin
$353,089
$302,081
-14%
Fundraising
$334,400
$449,767
+34%
Total Expenses
$2,133,391
$2,729,175
+28%
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