NEW HOPE MINISTRIES INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$15,594,202
Contributions
92%
Government Grants
7%
Other
<1%
Investments
<1%
Fundraising Events
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$14,590,446
Grants
71%
Salaries & Benefits
18%
Offices, Occupancy & IT
4%
Other
4%
Depreciation
2%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,879,181
$14,278,318
+31%
Government Grants
$1,270,627
$1,067,517
-16%
Fundraising Events
$44,348
$54,663
+23%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$39,534
$68,354
+73%
Other
$77,830
$125,350
+61%
Total Revenues
$12,311,520
$15,594,202
+27%
Expenses
2023
2024
Change
Grants
$8,013,080
$10,310,178
+29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,374,458
$2,659,941
+12%
Fees to Service Providers
$71,750
$80,038
+12%
Advertising & Promotion
$115,998
$79,986
-31%
Offices, Occupancy & IT
$569,627
$606,727
+7%
Interest
$7,430
$4,056
-45%
Depreciation
$302,339
$331,775
+10%
Other
$469,569
$517,745
+10%
Total Expenses
$11,924,251
$14,590,446
+22%
Net income
2023
2024
Change
Net income
+$387,269
+$1,003,756
+159%
Functional Expenses
Summary
2023
2024
Change
Program
$11,071,277
$13,674,500
+24%
Admin
$324,004
$363,354
+12%
Fundraising
$528,970
$552,592
+4%
Total Expenses
$11,924,251
$14,590,446
+22%
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