GOOD NEWS CENTER INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$803,411
Contributions
97%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$903,283
Grants
80%
Other
9%
Salaries & Benefits
7%
Offices, Occupancy & IT
3%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,245,457
$777,867
-38%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$16,287
$25,544
+57%
Other
$0
$0
-
Total Revenues
$1,261,744
$803,411
-36%
Expenses
2023
2024
Change
Grants
$1,037,023
$722,400
-30%
Benefits to Members
$0
$0
-
Salaries & Benefits
$57,729
$63,078
+9%
Fees to Service Providers
$4,960
$7,809
+57%
Advertising & Promotion
$254
$795
+213%
Offices, Occupancy & IT
$26,912
$25,449
-5%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$87,045
$83,752
-4%
Total Expenses
$1,213,923
$903,283
-26%
Net income
2023
2024
Change
Net income
+$47,821
-$99,872
-309%
Functional Expenses
Summary
2023
2024
Change
Program
$1,060,784
$783,523
-26%
Admin
$146,591
$105,563
-28%
Fundraising
$6,548
$14,197
+117%
Total Expenses
$1,213,923
$903,283
-26%
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