ASSOCIATION FOR BIBLICAL HIGHER EDUCATION
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$2,434,182
Contributions
44%
Program Services
31%
Membership Dues
18%
Other
7%
Government Grants
0%
Fundraising Events
0%
Investments
0%
Expenses in 2024
$2,367,705
Salaries & Benefits
44%
Other
41%
Offices, Occupancy & IT
11%
Fees to Service Providers
2%
Depreciation
2%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,202,040
$1,071,371
-11%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$662,110
$750,170
+13%
Membership Dues
$491,694
$447,825
-9%
Investments
$0
$0
-
Other
$8,937
$164,816
+1744%
Total Revenues
$2,364,781
$2,434,182
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,131,706
$1,045,382
-8%
Fees to Service Providers
$44,060
$56,211
+28%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$223,181
$260,672
+17%
Interest
$0
$0
-
Depreciation
$31,755
$36,174
+14%
Other
$948,950
$969,266
+2%
Total Expenses
$2,379,652
$2,367,705
-1%
Net income
2023
2024
Change
Net income
-$14,871
+$66,477
-547%
Functional Expenses
Summary
2023
2024
Change
Program
$1,779,078
$1,757,479
-1%
Admin
$600,574
$610,226
+2%
Fundraising
$0
$0
-
Total Expenses
$2,379,652
$2,367,705
-1%
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