Inspiration Corporation
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,499,407
Government Grants
58%
Contributions
33%
Program Services
6%
Other
1%
Fundraising Events
1%
Membership Dues
0%
Investments
0%
Expenses in 2024
$5,307,872
Salaries & Benefits
57%
Grants
17%
Other
10%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Depreciation
4%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,976,565
$1,486,842
-25%
Government Grants
$2,633,252
$2,631,398
0%
Fundraising Events
$86,950
$61,521
-29%
Program Services
$235,871
$257,928
+9%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$54,473
$61,718
+13%
Total Revenues
$4,987,111
$4,499,407
-10%
Expenses
2023
2024
Change
Grants
$939,351
$895,290
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,658,410
$3,043,396
+14%
Fees to Service Providers
$241,419
$280,264
+16%
Advertising & Promotion
$3,837
$550
-86%
Offices, Occupancy & IT
$475,175
$325,150
-32%
Interest
$23,679
$24,456
+3%
Depreciation
$190,161
$212,308
+12%
Other
$284,163
$526,458
+85%
Total Expenses
$4,816,195
$5,307,872
+10%
Net income
2023
2024
Change
Net income
+$170,916
-$808,465
-573%
Functional Expenses
Summary
2023
2024
Change
Program
$3,828,697
$4,161,100
+9%
Admin
$548,333
$665,694
+21%
Fundraising
$439,165
$481,078
+10%
Total Expenses
$4,816,195
$5,307,872
+10%
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