HOPE INSPIRED MINISTRIES INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$2,208,027
Government Grants
62%
Contributions
18%
Other
12%
Program Services
5%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$1,907,910
Salaries & Benefits
66%
Other
16%
Offices, Occupancy & IT
12%
Advertising & Promotion
4%
Fees to Service Providers
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$365,378
$392,801
+8%
Government Grants
$1,251,342
$1,373,350
+10%
Fundraising Events
$0
$0
-
Program Services
$96,788
$121,305
+25%
Membership Dues
$0
$0
-
Investments
$46,289
$52,539
+14%
Other
$126,148
$268,032
+112%
Total Revenues
$1,885,945
$2,208,027
+17%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,183,566
$1,260,815
+7%
Fees to Service Providers
$27,473
$18,710
-32%
Advertising & Promotion
$57,699
$80,766
+40%
Offices, Occupancy & IT
$137,869
$233,424
+69%
Interest
$6,244
$6,360
+2%
Depreciation
$0
$0
-
Other
$274,065
$307,835
+12%
Total Expenses
$1,686,916
$1,907,910
+13%
Net income
2023
2024
Change
Net income
+$199,029
+$300,117
+51%
Functional Expenses
Summary
2023
2024
Change
Program
$1,504,703
$1,721,207
+14%
Admin
$133,934
$131,144
-2%
Fundraising
$48,279
$55,559
+15%
Total Expenses
$1,686,916
$1,907,910
+13%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)