Covenant Foundation
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$6,318,185
Contributions
>99%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$6,416,470
Grants
35%
Salaries & Benefits
29%
Fees to Service Providers
13%
Other
10%
Offices, Occupancy & IT
8%
Advertising & Promotion
2%
Depreciation
2%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,612,036
$6,318,000
+13%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$128
$185
+45%
Other
$0
$0
-
Total Revenues
$5,612,164
$6,318,185
+13%
Expenses
2023
2024
Change
Grants
$1,797,624
$2,253,157
+25%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,758,622
$1,878,306
+7%
Fees to Service Providers
$754,152
$853,105
+13%
Advertising & Promotion
$125,712
$119,019
-5%
Offices, Occupancy & IT
$539,049
$538,565
0%
Interest
$0
$0
-
Depreciation
$101,624
$101,624
+0%
Other
$627,020
$672,694
+7%
Total Expenses
$5,703,803
$6,416,470
+12%
Net income
2023
2024
Change
Net income
-$91,639
-$98,285
-7%
Functional Expenses
Summary
2023
2024
Change
Program
$5,088,098
$5,733,987
+13%
Admin
$615,705
$682,483
+11%
Fundraising
$0
$0
-
Total Expenses
$5,703,803
$6,416,470
+12%
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