LIFE OF HOPE MINISTRIES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,096,606
Contributions
>99%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,113,099
Grants
73%
Other
12%
Salaries & Benefits
12%
Offices, Occupancy & IT
2%
Fees to Service Providers
<1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,115,314
$1,091,870
-2%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,508
$4,736
+214%
Other
$0
$0
-
Total Revenues
$1,116,822
$1,096,606
-2%
Expenses
2023
2024
Change
Grants
$786,813
$817,175
+4%
Benefits to Members
$0
$0
-
Salaries & Benefits
$126,905
$130,090
+3%
Fees to Service Providers
$6,500
$7,150
+10%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$8,775
$20,673
+136%
Interest
$0
$0
-
Depreciation
$6,634
$6,634
+0%
Other
$155,582
$131,377
-16%
Total Expenses
$1,091,209
$1,113,099
+2%
Net income
2023
2024
Change
Net income
+$25,613
-$16,493
-164%
Functional Expenses
Summary
2023
2024
Change
Program
$1,039,951
$1,057,779
+2%
Admin
$51,258
$55,320
+8%
Fundraising
$0
$0
-
Total Expenses
$1,091,209
$1,113,099
+2%
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