KINGDOM DEVELOPMENT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$26,799,917
Program Services
70%
Government Grants
18%
Other
11%
Investments
1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$22,503,368
Interest
27%
Depreciation
25%
Salaries & Benefits
21%
Other
15%
Offices, Occupancy & IT
7%
Fees to Service Providers
5%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$2,177,576
$4,725,122
+117%
Fundraising Events
$0
$0
-
Program Services
$19,828,447
$18,715,756
-6%
Membership Dues
$0
$0
-
Investments
$862,968
$350,951
-59%
Other
$3,167,121
$3,008,088
-5%
Total Revenues
$26,036,112
$26,799,917
+3%
Expenses
2023
2024
Change
Grants
$115,661
$219,667
+90%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,253,019
$4,613,419
+42%
Fees to Service Providers
$804,656
$1,095,967
+36%
Advertising & Promotion
$60,359
$59,031
-2%
Offices, Occupancy & IT
$5,166,878
$1,521,805
-71%
Interest
$6,811,367
$6,008,217
-12%
Depreciation
$3,697,606
$5,616,472
+52%
Other
$2,238,976
$3,368,790
+50%
Total Expenses
$22,148,522
$22,503,368
+2%
Net income
2023
2024
Change
Net income
+$3,887,590
+$4,296,549
+11%
Functional Expenses
Summary
2023
2024
Change
Program
$19,948,290
$21,552,061
+8%
Admin
$2,200,232
$951,307
-57%
Fundraising
$0
$0
-
Total Expenses
$22,148,522
$22,503,368
+2%
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