HOPE INSPIRED MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$1,342,790
Cash & Equivalents
35%
Investments
27%
Property, Plant, & Equipment (net)
18%
Receivables (Non-Related)
15%
Other Assets
5%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$354,461
Notes Payable / Debt (Non-Related)
65%
Other Liabilities
20%
Payables & Accruals
15%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$303,897
$465,526
+53%
Receivables (Non-Related)
$158,323
$203,395
+28%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$191,597
$360,770
+88%
Property, Plant, & Equipment (net)
$258,992
$243,497
-6%
Other Assets
$95,529
$69,602
-27%
Total Assets
$1,008,338
$1,342,790
+33%
Liabilities
2023
2024
Change
Payables & Accruals
$58,868
$53,491
-9%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$165,729
$231,368
+40%
Related-Party Payables
-
-
-
Other Liabilities
$95,529
$69,602
-27%
Total Liabilities
$320,126
$354,461
+11%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$688,212
$988,329
+44%
Net assets
2023
2024
Change
Net assets
+$688,212
+$988,329
+44%
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