TRINITY BIBLE COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$10,964,743
Contributions
56%
Program Services
41%
Government Grants
2%
Investments
1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,347,073
Salaries & Benefits
40%
Offices, Occupancy & IT
18%
Other
16%
Grants
15%
Depreciation
6%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,598,039
$6,151,530
+10%
Government Grants
$159,527
$183,659
+15%
Fundraising Events
$0
$0
-
Program Services
$4,274,556
$4,486,811
+5%
Membership Dues
$0
$0
-
Investments
$75,424
$130,021
+72%
Other
$832,803
$12,722
-98%
Total Revenues
$10,940,349
$10,964,743
+0%
Expenses
2023
2024
Change
Grants
$1,280,394
$1,407,840
+10%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,378,434
$3,770,868
+12%
Fees to Service Providers
$303,448
$313,703
+3%
Advertising & Promotion
$0
$49,511
-
Offices, Occupancy & IT
$1,139,291
$1,717,910
+51%
Interest
$23,418
$941
-96%
Depreciation
$577,557
$589,461
+2%
Other
$1,629,701
$1,496,839
-8%
Total Expenses
$8,332,243
$9,347,073
+12%
Net income
2023
2024
Change
Net income
+$2,608,106
+$1,617,670
-38%
Functional Expenses
Summary
2023
2024
Change
Program
$5,593,154
$6,002,134
+7%
Admin
$2,191,184
$2,737,353
+25%
Fundraising
$547,905
$607,586
+11%
Total Expenses
$8,332,243
$9,347,073
+12%
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