HEARTBOUND MINISTRIES INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$568,287
Contributions
76%
Fundraising Events
16%
Other
3%
Investments
3%
Program Services
1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$484,991
Salaries & Benefits
39%
Fees to Service Providers
30%
Other
30%
Offices, Occupancy & IT
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$382,543
$431,800
+13%
Government Grants
$0
$0
-
Fundraising Events
$148,748
$91,088
-39%
Program Services
$10,304
$7,849
-24%
Membership Dues
$0
$0
-
Investments
$25
$18,186
+72644%
Other
$25,193
$19,364
-23%
Total Revenues
$566,813
$568,287
+0%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$142,893
$187,700
+31%
Fees to Service Providers
$147,864
$147,106
-1%
Advertising & Promotion
$125
$75
-40%
Offices, Occupancy & IT
$8,714
$5,007
-43%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$139,852
$145,103
+4%
Total Expenses
$439,448
$484,991
+10%
Net income
2023
2024
Change
Net income
+$127,365
+$83,296
-35%
Functional Expenses
Summary
2023
2024
Change
Program
$381,265
$422,819
+11%
Admin
$47,517
$50,747
+7%
Fundraising
$10,666
$11,425
+7%
Total Expenses
$439,448
$484,991
+10%
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