KOREAN GOSPEL BROADCASTING CO INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,421,373
Contributions
65%
Fundraising Events
35%
Other
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$1,738,412
Salaries & Benefits
40%
Other
22%
Grants
13%
Fees to Service Providers
7%
Offices, Occupancy & IT
7%
Depreciation
6%
Interest
4%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$887,230
$918,587
+4%
Government Grants
$0
$0
-
Fundraising Events
$0
$501,393
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$829,810
$1,393
-100%
Total Revenues
$1,717,040
$1,421,373
-17%
Expenses
2023
2024
Change
Grants
$268,754
$227,190
-15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$816,638
$687,451
-16%
Fees to Service Providers
$23,661
$128,117
+441%
Advertising & Promotion
$162
$0
-100%
Offices, Occupancy & IT
$102,931
$127,216
+24%
Interest
$82,259
$74,880
-9%
Depreciation
$108,610
$112,519
+4%
Other
$339,676
$381,039
+12%
Total Expenses
$1,742,691
$1,738,412
0%
Net income
2023
2024
Change
Net income
-$25,651
-$317,039
-1136%
Functional Expenses
Summary
2023
2024
Change
Program
$1,165,371
$1,055,368
-9%
Admin
$536,893
$555,233
+3%
Fundraising
$40,427
$127,811
+216%
Total Expenses
$1,742,691
$1,738,412
0%
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