COVENANT NETWORK
Income Statement
Fiscal Year Start:
May 1
Revenues in 2025
$2,029,809
Contributions
86%
Investments
10%
Program Services
4%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$2,148,523
Salaries & Benefits
35%
Fees to Service Providers
23%
Offices, Occupancy & IT
21%
Other
16%
Depreciation
4%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$1,883,240
$1,742,024
-7%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$67,150
$76,500
+14%
Membership Dues
$0
$0
-
Investments
$161,760
$210,977
+30%
Other
$813
$308
-62%
Total Revenues
$2,112,963
$2,029,809
-4%
Expenses
2024
2025
Change
Grants
$14,797
$14,573
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$744,555
$747,586
+0%
Fees to Service Providers
$284,312
$487,928
+72%
Advertising & Promotion
$17,627
$6,828
-61%
Offices, Occupancy & IT
$621,434
$456,732
-27%
Interest
$0
$0
-
Depreciation
$95,204
$90,652
-5%
Other
$212,143
$344,224
+62%
Total Expenses
$1,990,072
$2,148,523
+8%
Net income
2024
2025
Change
Net income
+$122,891
-$118,714
-197%
Functional Expenses
Summary
2024
2025
Change
Program
$1,563,166
$1,720,547
+10%
Admin
$187,842
$184,164
-2%
Fundraising
$239,064
$243,812
+2%
Total Expenses
$1,990,072
$2,148,523
+8%
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