GRACE CENTERS OF HOPE
Income Statement
Fiscal Year Start:
Nov 1
Revenues in 2024
$11,551,182
Contributions
95%
Fundraising Events
2%
Other
2%
Investments
1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$11,514,984
Salaries & Benefits
46%
Other
35%
Offices, Occupancy & IT
10%
Depreciation
4%
Fees to Service Providers
3%
Advertising & Promotion
1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$10,251,829
$10,976,796
+7%
Government Grants
$0
$0
-
Fundraising Events
$113,572
$209,342
+84%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$77,692
$157,821
+103%
Other
$109,630
$207,223
+89%
Total Revenues
$10,552,723
$11,551,182
+9%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,155,216
$5,257,193
+2%
Fees to Service Providers
$370,574
$358,829
-3%
Advertising & Promotion
$172,110
$167,070
-3%
Offices, Occupancy & IT
$1,188,227
$1,178,191
-1%
Interest
$0
$0
-
Depreciation
$493,523
$466,081
-6%
Other
$3,794,759
$4,087,620
+8%
Total Expenses
$11,174,409
$11,514,984
+3%
Net income
2023
2024
Change
Net income
-$621,686
+$36,198
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$9,256,537
$9,871,057
+7%
Admin
$753,086
$528,975
-30%
Fundraising
$1,164,786
$1,114,952
-4%
Total Expenses
$11,174,409
$11,514,984
+3%
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