COVENANT SOUP KITCHEN INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$1,800,019
Contributions
96%
Investments
3%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,473,142
Grants
63%
Salaries & Benefits
17%
Other
7%
Offices, Occupancy & IT
6%
Depreciation
5%
Fees to Service Providers
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,563,961
$1,734,211
+11%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$25,991
$60,684
+133%
Other
-$2,054
$5,124
-349%
Total Revenues
$1,587,898
$1,800,019
+13%
Expenses
2023
2024
Change
Grants
$700,772
$932,095
+33%
Benefits to Members
$0
$0
-
Salaries & Benefits
$234,124
$252,757
+8%
Fees to Service Providers
$24,345
$21,883
-10%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$147,245
$86,940
-41%
Interest
$0
$0
-
Depreciation
$71,190
$73,271
+3%
Other
$113,122
$106,196
-6%
Total Expenses
$1,290,798
$1,473,142
+14%
Net income
2023
2024
Change
Net income
+$297,100
+$326,877
+10%
Functional Expenses
Summary
2023
2024
Change
Program
$1,210,877
$1,401,240
+16%
Admin
$60,425
$54,115
-10%
Fundraising
$19,496
$17,787
-9%
Total Expenses
$1,290,798
$1,473,142
+14%
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