Inspiring Minds
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,151,949
Contributions
82%
Other
7%
Fundraising Events
5%
Investments
4%
Program Services
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$2,322,677
Salaries & Benefits
50%
Other
36%
Offices, Occupancy & IT
8%
Depreciation
4%
Fees to Service Providers
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,123,885
$1,761,319
-17%
Government Grants
$400,000
$0
-100%
Fundraising Events
$69,463
$107,879
+55%
Program Services
$0
$48,270
-
Membership Dues
$0
$0
-
Investments
$31,052
$76,673
+147%
Other
$135,326
$157,808
+17%
Total Revenues
$2,759,726
$2,151,949
-22%
Expenses
2023
2024
Change
Grants
$105
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,018,209
$1,159,269
+14%
Fees to Service Providers
$29,948
$52,798
+76%
Advertising & Promotion
$5,920
$4,279
-28%
Offices, Occupancy & IT
$128,727
$182,814
+42%
Interest
$7,692
$7,882
+2%
Depreciation
$69,169
$85,354
+23%
Other
$456,306
$830,281
+82%
Total Expenses
$1,716,076
$2,322,677
+35%
Net income
2023
2024
Change
Net income
+$1,043,650
-$170,728
-116%
Functional Expenses
Summary
2023
2024
Change
Program
$1,495,821
$2,095,229
+40%
Admin
$220,255
$227,448
+3%
Fundraising
$0
$0
-
Total Expenses
$1,716,076
$2,322,677
+35%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)