THE GOSPEL MISSION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,818,585
Government Grants
91%
Contributions
5%
Investments
2%
Other
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,068,162
Salaries & Benefits
42%
Other
39%
Offices, Occupancy & IT
11%
Depreciation
6%
Fees to Service Providers
2%
Grants
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,842,496
$151,916
-95%
Government Grants
$0
$2,568,606
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$21,883
$52,996
+142%
Other
$27,262
$45,067
+65%
Total Revenues
$2,891,641
$2,818,585
-3%
Expenses
2023
2024
Change
Grants
$492
$3,703
+653%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,189,555
$1,294,055
+9%
Fees to Service Providers
$100,439
$69,376
-31%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$358,653
$336,793
-6%
Interest
$0
$0
-
Depreciation
$173,194
$175,688
+1%
Other
$1,437,842
$1,188,547
-17%
Total Expenses
$3,260,175
$3,068,162
-6%
Net income
2023
2024
Change
Net income
-$368,534
-$249,577
+32%
Functional Expenses
Summary
2023
2024
Change
Program
$2,665,381
$2,509,152
-6%
Admin
$283,218
$285,786
+1%
Fundraising
$311,576
$273,224
-12%
Total Expenses
$3,260,175
$3,068,162
-6%
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