NEW HOPE INITIATIVE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,171,092
Contributions
96%
Other
4%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$1,175,332
Grants
80%
Salaries & Benefits
16%
Other
3%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,181,519
$1,122,762
-5%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$43,474
$48,330
+11%
Total Revenues
$1,224,993
$1,171,092
-4%
Expenses
2023
2024
Change
Grants
$1,322,968
$937,513
-29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$170,005
$182,992
+8%
Fees to Service Providers
$29,598
$10,046
-66%
Advertising & Promotion
$16,262
$6,183
-62%
Offices, Occupancy & IT
$7,782
$6,936
-11%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$44,674
$31,662
-29%
Total Expenses
$1,591,289
$1,175,332
-26%
Net income
2023
2024
Change
Net income
-$366,296
-$4,240
+99%
Functional Expenses
Summary
2023
2024
Change
Program
$1,575,409
$1,156,641
-27%
Admin
$15,880
$18,691
+18%
Fundraising
$0
$0
-
Total Expenses
$1,591,289
$1,175,332
-26%
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