COVENANT MINISTRIES OF BENEVOLENCE

COVENANT MINISTRIES OF BENEVOLENCE

Chicago, IL, US
501(c)(3)
EIN
36-3486813
Intermediate Organization

COVENANT MINISTRIES OF BENEVOLENCE

Chicago, IL, US
501(c)(3)
EIN
36-3486813
Intermediate Organization

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024

$6,293,110

Program Services
50%
Other
20%
Investments
16%
Contributions
14%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$5,100,408

Fees to Service Providers
41%
Salaries & Benefits
29%
Grants
20%
Other
8%
Interest
1%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$738,050
$872,368
+18%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$2,778,721
$3,159,448
+14%
Membership Dues
$0
$0
-
Investments
$1,049,067
$1,013,069
-3%
Other
$1,196,596
$1,248,225
+4%
Total Revenues
$5,762,434
$6,293,110
+9%
Expenses
2023
2024
Change
Grants
$842,018
$1,032,144
+23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,261,832
$1,464,589
+16%
Fees to Service Providers
$2,018,153
$2,079,264
+3%
Advertising & Promotion
$16,142
$660
-96%
Offices, Occupancy & IT
$27,270
$25,077
-8%
Interest
$77,821
$69,206
-11%
Depreciation
$6,557
$1,728
-74%
Other
$364,659
$427,740
+17%
Total Expenses
$4,614,452
$5,100,408
+11%
Net income
2023
2024
Change
Net income
+$1,147,982
+$1,192,702
+4%
Functional Expenses
Summary
2023
2024
Change
Program
$3,245,352
$3,487,528
+7%
Admin
$1,369,100
$1,612,880
+18%
Fundraising
$0
$0
-
Total Expenses
$4,614,452
$5,100,408
+11%
Income Statement
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