CORNERSTONE OF HOPE INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,889,845
Contributions
40%
Fundraising Events
28%
Program Services
23%
Other
6%
Investments
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$4,466,782
Salaries & Benefits
68%
Fees to Service Providers
17%
Offices, Occupancy & IT
9%
Other
4%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,497,732
$1,950,798
+30%
Government Grants
$269,211
$0
-100%
Fundraising Events
$1,591,261
$1,381,758
-13%
Program Services
$1,077,518
$1,132,611
+5%
Membership Dues
$0
$0
-
Investments
$98,240
$121,523
+24%
Other
$194,196
$303,155
+56%
Total Revenues
$4,728,158
$4,889,845
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,159,309
$3,021,729
+40%
Fees to Service Providers
$817,915
$764,416
-7%
Advertising & Promotion
$54,695
$37,827
-31%
Offices, Occupancy & IT
$464,337
$386,135
-17%
Interest
$1,796
$1,225
-32%
Depreciation
$86,710
$96,736
+12%
Other
$102,966
$158,714
+54%
Total Expenses
$3,687,728
$4,466,782
+21%
Net income
2023
2024
Change
Net income
+$1,040,430
+$423,063
-59%
Functional Expenses
Summary
2023
2024
Change
Program
$3,033,974
$3,687,837
+22%
Admin
$315,996
$315,572
0%
Fundraising
$337,758
$463,373
+37%
Total Expenses
$3,687,728
$4,466,782
+21%
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