Target Hunger Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,991,300
Contributions
59%
Government Grants
36%
Fundraising Events
4%
Investments
<1%
Other
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$5,704,031
Grants
58%
Salaries & Benefits
29%
Fees to Service Providers
4%
Offices, Occupancy & IT
4%
Other
3%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,283,797
$5,267,096
+23%
Government Grants
$997,614
$3,230,379
+224%
Fundraising Events
$378,300
$380,741
+1%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$51,505
$85,058
+65%
Other
-$35,401
$28,026
-179%
Total Revenues
$5,675,815
$8,991,300
+58%
Expenses
2023
2024
Change
Grants
$2,810,797
$3,311,613
+18%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,390,784
$1,654,568
+19%
Fees to Service Providers
$233,130
$248,182
+6%
Advertising & Promotion
$225
$6,899
+2966%
Offices, Occupancy & IT
$264,969
$200,039
-25%
Interest
$0
$2,036
-
Depreciation
$95,587
$126,638
+32%
Other
$156,985
$154,056
-2%
Total Expenses
$4,952,477
$5,704,031
+15%
Net income
2023
2024
Change
Net income
+$723,338
+$3,287,269
+354%
Functional Expenses
Summary
2023
2024
Change
Program
$4,283,504
$5,001,110
+17%
Admin
$250,809
$300,271
+20%
Fundraising
$418,164
$402,650
-4%
Total Expenses
$4,952,477
$5,704,031
+15%
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