COVENANT PLACE FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$470,877
Contributions
67%
Investments
22%
Program Services
10%
Other
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$373,818
Other
32%
Salaries & Benefits
28%
Grants
26%
Fees to Service Providers
7%
Offices, Occupancy & IT
6%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$287,310
$313,458
+9%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$40,768
$46,298
+14%
Membership Dues
$0
$0
-
Investments
$74,996
$104,541
+39%
Other
$81,254
$6,580
-92%
Total Revenues
$484,328
$470,877
-3%
Expenses
2023
2024
Change
Grants
$69,960
$96,310
+38%
Benefits to Members
$0
$0
-
Salaries & Benefits
$87,659
$104,581
+19%
Fees to Service Providers
$25,748
$27,590
+7%
Advertising & Promotion
$145
$325
+124%
Offices, Occupancy & IT
$14,508
$23,635
+63%
Interest
$2,970
$0
-100%
Depreciation
$2,326
$2,101
-10%
Other
$91,921
$119,276
+30%
Total Expenses
$295,237
$373,818
+27%
Net income
2023
2024
Change
Net income
+$189,091
+$97,059
-49%
Functional Expenses
Summary
2023
2024
Change
Program
$155,407
$207,549
+34%
Admin
$138,751
$165,468
+19%
Fundraising
$1,079
$801
-26%
Total Expenses
$295,237
$373,818
+27%
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