Restored Hope Ministries Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$828,122
Contributions
85%
Fundraising Events
9%
Investments
4%
Other
2%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$926,924
Salaries & Benefits
51%
Other
22%
Offices, Occupancy & IT
8%
Interest
7%
Depreciation
5%
Fees to Service Providers
4%
Grants
2%
Advertising & Promotion
1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$660,904
$707,151
+7%
Government Grants
$0
$0
-
Fundraising Events
$15,890
$76,561
+382%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3,800
$31,757
+736%
Other
$42,799
$12,653
-70%
Total Revenues
$723,393
$828,122
+14%
Expenses
2023
2024
Change
Grants
$17,345
$16,459
-5%
Benefits to Members
$0
$0
-
Salaries & Benefits
$414,889
$473,250
+14%
Fees to Service Providers
$20,005
$36,351
+82%
Advertising & Promotion
$9,369
$9,855
+5%
Offices, Occupancy & IT
$79,732
$78,055
-2%
Interest
$60,696
$66,470
+10%
Depreciation
$40,582
$45,359
+12%
Other
$157,973
$201,125
+27%
Total Expenses
$800,591
$926,924
+16%
Net income
2023
2024
Change
Net income
-$77,198
-$98,802
-28%
Functional Expenses
Summary
2023
2024
Change
Program
$540,225
$646,652
+20%
Admin
$146,825
$187,235
+28%
Fundraising
$113,541
$93,037
-18%
Total Expenses
$800,591
$926,924
+16%
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