MATTHEWS HOPE MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,189,503
Contributions
92%
Government Grants
4%
Program Services
3%
Fundraising Events
<1%
Other
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$7,738,044
Grants
50%
Salaries & Benefits
26%
Offices, Occupancy & IT
12%
Advertising & Promotion
5%
Other
3%
Depreciation
2%
Fees to Service Providers
1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$6,286,331
$7,502,357
+19%
Government Grants
$116,500
$356,989
+206%
Fundraising Events
$17,396
$39,976
+130%
Program Services
$206,103
$250,760
+22%
Membership Dues
$0
$0
-
Investments
$1,259
$3,184
+153%
Other
-$38,039
$36,237
-195%
Total Revenues
$6,589,550
$8,189,503
+24%
Expenses
2023
2024
Change
Grants
$3,122,376
$3,851,152
+23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,774,895
$2,043,058
+15%
Fees to Service Providers
$23,373
$84,439
+261%
Advertising & Promotion
$235,835
$348,514
+48%
Offices, Occupancy & IT
$699,893
$926,906
+32%
Interest
$51,957
$62,820
+21%
Depreciation
$172,615
$180,275
+4%
Other
$193,366
$240,880
+25%
Total Expenses
$6,274,310
$7,738,044
+23%
Net income
2023
2024
Change
Net income
+$315,240
+$451,459
+43%
Functional Expenses
Summary
2023
2024
Change
Program
$5,262,156
$6,408,179
+22%
Admin
$687,512
$879,158
+28%
Fundraising
$324,642
$450,707
+39%
Total Expenses
$6,274,310
$7,738,044
+23%
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