Heart of Hope Ministries
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,190,264
Contributions
98%
Fundraising Events
2%
Program Services
<1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,057,974
Grants
76%
Salaries & Benefits
14%
Other
4%
Fees to Service Providers
2%
Depreciation
2%
Offices, Occupancy & IT
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$698,657
$1,163,077
+66%
Government Grants
$0
$0
-
Fundraising Events
$33,517
$26,384
-21%
Program Services
$1,935
$683
-65%
Membership Dues
$0
$0
-
Investments
$110
$120
+9%
Other
$0
$0
-
Total Revenues
$734,219
$1,190,264
+62%
Expenses
2023
2024
Change
Grants
$499,876
$803,408
+61%
Benefits to Members
$0
$0
-
Salaries & Benefits
$23,355
$146,561
+528%
Fees to Service Providers
$20,621
$25,800
+25%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$18,668
$17,037
-9%
Interest
$0
$0
-
Depreciation
$18,235
$25,262
+39%
Other
$137,448
$39,906
-71%
Total Expenses
$718,203
$1,057,974
+47%
Net income
2023
2024
Change
Net income
+$16,016
+$132,290
+726%
Functional Expenses
Summary
2023
2024
Change
Program
$621,622
$917,183
+48%
Admin
$60,909
$87,740
+44%
Fundraising
$35,672
$53,051
+49%
Total Expenses
$718,203
$1,057,974
+47%
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